[The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (4.@ Ibs. @ $5.88 per Ib.) Direct labor (1.7 hrs. @ $13.00 per hr.) Overhead (1.7 hrs. @ $18.50 per hr.) Total standard cost $20.ee 22.10 31.45 $73.55 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. $135, eee Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 15,00 Indirect labor 75,800 Power 15,800 Repairs and maintenance 30,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 23,eee Depreciation-Machinery 71, Taxes and insurance 17,eee Supervision 225,750 Total fixed overhead costs Total overhead costs 336,75@ $471,750 The company Incurred the following actual costs when It operated at 75% of capacity in October. $ 313,650 303,600 Direct materials (61,589 Ibs. @ $5.19 per lb.) Direct labor (23,80 hrs. @ $13.20 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41,750 176, 350 17,250 34,5ee 23,000 95.850 15,300 225,750 629,750 $1,247, 5. Prepare a detailed overhead varlance report that shows the variances for Individual items of overhead. ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume variance Flexible Budget Actual Results Variances Fav. / Unfav. Variable costs Fixed costs r Total overhead costs