Required information The following information applies to the questions displayed below) Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. $4.00 per Ib.) Direct labor (1.9 hrs. $11.00 per hr.) Overhead (1.9 hrs. $18.50 per hr.) Total standard cost 35.15 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume 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 (75% Capacity) Variable overhead costs Indirect saterials $ 15,00 Indirect labor 75,000 15,000 Repairs and maintenance 30,000 Total variable overhead costs Fixed overhead costs Depreciation Building 25,000 Depreciation Machinery 70,000 Taxes and Insurance 17,000 Supervision 280, 250 Total Fixed overhead costs Total overhead costs 392,250 The company incurred the following actual costs when it operated at 75% of capacity in October $ 191,100 255,300 Direct materials (45,500 Ibs. 14.20 per lb.) Direct labor (23,000 hrs. $11.10 per hr.) Overhead costs Indirect materials Indirect labor Repairs and maintenance Depreciation Building Depreciation Machinery Taxes and Insurance Supervision Total costs $ 41,750 176,700 17.250 34,500 25,000 94,500 15,30 250, 250 685,250 $1,131,650 4. Compute the direct labor cost variance, including its rate and efficiency variances. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost