[The following information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. Direct materials (3.0 pounds @ $5.00 per pound) Direct labor (1.8 hours @ $10.00 per hour) Overhead (1.8 hours @ $18.50 per hour) Standard cost per unit $ 15.00 18.00 33.30 $ 66.30 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. $ 15,000 75,000 15,000 30,000 135,000 Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs 24,000 71,000 18,000 251,500 364,500 $ 499,500 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 234,600 206,000 Direct materials (46,000 pounds @ $5.10 per pound) Direct labor (20,000 hours @ $10.30 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,250 176,200 17,250 34,500 24,000 95,850 16, 200 251,500 656, 750 $ 1,097,350 . Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting ivorable, unfavorable, or no variance.) Actual Cost Standard Cost