Required Information [The following information applles to the questions displayed below.] Antuan Company set the following standard costs per unlt for Its product. 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. 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. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no varlance. 3. Compute the direct labor varlance, Including its rate and efficlency varlances. Note: Indicate the effect of each varlance by selecting favorable, unfavorable, or no varlance. Round "Rate per hour" answers to two decimal places. 4. Prepare a detalled overhead varlance report that shows the varlances for Indlvdual Items of overhead. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no varlance. \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{2}{|c|}{ ANTUAN COMPANY } \\ \hline \multicolumn{2}{|c|}{ Overhead Variance Report } \\ \hline Expected production volume & \multicolumn{2}{|c|}{ For Month Ended October 31} \\ \hline Production level achieved & & & \\ \hline Volume Variance & & & & \\ \hline & Flexible Budget & Actual Results & Variances & Favorable or Unfavorable \\ \hline Variable overhead costs & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular}