[The following Information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. Direct materials (4.0 pounds @ $6.00 per pound) Direct labor (2.0 hours @ $12.00 per hour) Overhead (2.0 hours @ $18.50 per hour) Standard cost per unit $ 24.00 24.00 37.00 $ 85.00 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. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs 25,000 70,000 17,000 308,000 420,000 $ 555,000 The company Incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (60,500 pounds @$6.10 per pound) Direct labor (19,000 hours @ $12.30 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,650 176,500 17,250 34,500 25,000 94,500 15,300 308,000 $ 369,850 233,700 712,700 $ 1,315,458 3. Compute the direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal places.) Actual Cost S 3 $ Mandard Cast