Required information [The following information applies to the questions displayed below) Antuan Company set the following standard costs per unit for its product Direct materials (5.6 pounds @ $4.00 per pound) $ 20.00 Direct labor (1.7 hours @ $12.00 per hour) 20.48 Overhead (1.7 hours $18.50 per hour) 31.45 Standard cost per unit 5.71.85 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (759 Capacity) Variable overhead costs Indirect materials $ 30,000 Indirect labor 75,000 Power 30,000 Maintenance 30,000 Total variable overhead costs 165,000 Fixed overhead costs Depreciation-Building 23,000 Depreciation-Machinery 71,000 Taxes and insurance 17,000 Supervisory salaries 195,750 Total fixed overhead costs 306,750 Total overhead costs $ 471,750 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (76,000 pounds $4.20 per pound) $ 319,200 Direct labor (23,800 hours a $12.10 per hour) 278,360 Overhead costs Indirect materials $.41,800 Indirect labor 176,500 Power 34,500 Maintenance 34,500 Depreciation-Building 23,000 Depreciation-Machinery 95,850 Taxes and insurance 15,300 Supervisory salaries 195,750 617,200 Total costs $ 1,214,700 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. Check my work mode: This indicate completion. Return to question 1 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) 10 points Answer is not complete. ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume Variance 75% of capacity 75% of capacity No variance Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs Indirect materials Indirect labor Power Maintenance Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Total overhead costs Volume Variance 0 Volume variance Total overhead variance