Required informatiorn (The following information applies to the questions displayed below) Antuan Company set the following standard costs for one unit of its product of 4 Direct materials (4.0 lbs. @ 6.00 per Ib.) Direct labor (1.7 hrs. $11.00 per hr.) Overhead (1.7 hrs. @ $18.50 per hr.) Total standard cost $24.00 18.70 31.45 $74.15 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factoryis capacity of 20 000 units per month Following are the company's budgeted overhead costs per month at Overhead Budget cap Variable overhead costs Indirect matertals Indirect labor Power $ 15,000 75,000 15,000 30,000 Repairs and maintenance Total variable overhead costs $135,000 Fixed overhead costs Depreciation Building Depreciation Nachinery Taxes and insurance Supervision Total fixed overhead costs 23,000 70,000 18,000 225 750 336,758 $471,750 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (61,000 lbs. @ 6.10 per lb.) 372 100