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Required information [The following information applles to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. The standard
Required information [The following information applles to the questions displayed below.] Antuan Company set the following standard costs per unit 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 materlals varlance, Including its price and quantity varlances. Note: Indicate the effect of each varlance 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 variance by selecting favorable, unfavorable, or no varlance. Round "Rate per hour" answers to wo decimal places. 4N verhead
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