Saved Help Save& Ex Chec Antuan Company set the following standard costs for one unit of its product Direct materials (3.0 Ibs. e $5.00 per Ib.) Direct labor (1.8 hrs. Overhead (1.8 hrs. e $18.50 per hr.) $15.00 @ $10.00 per hr.) 18.00 33.30 Total standard cost $66.30 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 materials $ 15,000 Indirect labor 75,000 15,000 Power Repairs and maintenance Total variable overhe ad costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance 30,000 $135,000 24,000 72,000 17,000 251,500 Supervision Total fixed overhead costs 364,500 $499,500 Total overhead costs Next of 7 7 4 6 5 of 7 7 of 7 7 6 ( Prev WhatsApp Ima.. WhatsApp Ima....jpeg^ WhatsApp Ima... .jpeg WhatsApp Ima....jpeg Required information 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 Favorable Unfavorable No variance Next of 7 7