[The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product Direct naterials (4.2 Ibs. $4.00 per Ib.) Direct labor (1.8 hrs. $12.00 per hr.) Overhead (1.8 hrs. @ $18.50 per hr.) Total standard cost $16.00 21.60 33.30 $70.90 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 (95% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs Fixed overhead costs Depreciation Building 24,000 Depreciation Machinery 72,000 Taxes and insurance 16,000 Supervision 252,500 Total fixed overhead costs Total overhead costs $135.000 364,500 $499,500 The company incurred the following actual costs when it operated at 75% of capacity in October 5252,150 272,800 Direct materials (61,500 tbs @ $4.10 per 16.) Direct labor (22,000 hrs. $12.45 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation Building Depreciation Machinery Taxes and insurance Supervision Total costs $.41,050 176,900 17,250 34,500 24,000 97,200 14,400 252,500 65%, 100 $1,182,750 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