Required Information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. The standard overhead rate (\$18.50 per dilrect 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. The company incurred the following actual costs when it operated at 75% of capacity in October. 2 Compute the direct materials varlance, Including its price and quantity varlances. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance.)