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Requlred Information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. The standard
Requlred 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 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 variance, including its price and quantity variances. Note: Indlcate the effect of each varlance by selecting fovorable, unfovorable, or no varlance. 3. Compute the direct labor variance, including its rate and efficiency variances. Note: Indlcate the effect of each varlance by selectlng fovoroble, unfovoroble, or no varlance. Round "Rate per hour" answers to two declmel pleces. 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead
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