The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of Iits product Direct materials (4.0 Ibs. $5.ee per Ib.) Direct labor (1.7 hrs. $13.e8 per hr.) Overhead (1.7 hrs. $18.50 per hr.) $20.ee 22.1e 31.45 $73.55 Total standard cost 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,eee Indirect labor 75, eee 15,eee Power Repairs and maintenance 3e, eee Total variable overhead costs $135,eee Fixed overhead costs 23,eee 71,eee 17,eee 225,75e Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total fixed overhead costs 336,750 Total overhead costs $471,750 The company Incurred the following actual costs when it operated at 75% of capacity in October Direct materials (61,50e Ibs.$5.10 per lb.) Direct labor (23,eee hrs.$13.20 per hr.) Overhead costs 313,650 303,600 $ 41,750 Indirect materials Indirect la bor 176, 350 17,250 34,500 23,eee 95,85e Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance 15,30e 225,750 Supervision 629,750 Total costs $1,247,eee 3. Compute the direct materlals cost varlance, Including Its price and quantity varlances. AQ Actual Quantity SQ Standard Quantity = AP Actual Price SP Standard Price Actual Cost Standard Cost