(The following information applies to the questions displayed below/ Antuan Company set the following standard costs for one unit of its product Direct materials (6 Ibs. $5 per 30 Ib.) Direct labor (2 hrs. e$17 per hr.) 34 Overhead (2 hrs. e $18.50 per hr.) 37 Total standard cost 101 The predetermined overhead.rate ($18.5 capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. O per direct labor hour is based on an expected volume of 75% of the factory's Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Repairs and maintenance Total variable overhead costs 45,000 180,000 45,e00 90,000 $360,000 Fixed overhead costs Depreciation-Building 24.000 The predetermined overhead rate ($1850 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. Variable overhead costs Indirect materials Indirect labor Power Repairs and maintenance Total variable overhead costs $ 45,000 180,080 45,000 90,000 $360,000 Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total fixed overhead costs 24,800 80,000 12,000 79,080 195,000 $555,000 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October Total fixed overhead costs Total overhead costs 195,000 $555,000 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (91,000 Ibs. $5.10 per 1b.) Direct labor (30, 500 hrs. $17.25 per hr.) Overhead costs 464,10e 526,125 Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision 44,250 177,750 43,000 96,000 24,000 75,000 11,500 89,000 560,500 $1,550,725 Total costs s of each variable and fixed cost at the 65%, 75%, and 85% capacity levels and classify all items listed in the fixed budget as variable or fixed art 1 of 4 65% of 75% of 85% of 3.00 12.00 6.00 3.00 24.00 or 4 3. Compute the direct materials cost variance, including its price and quantity variances AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price ok nt AQ AP S 14,100 4. Compute the direct labor cost variance, including its rate and efficiency variances 4 AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate 5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. ANT Overhead Variance Report For Month Ended October 31 Volume variance Flexible Budget Actual Results VariancesFav. Unt ok ntVariable costs S 180,000 7,750 S (2,250) Favorable Indirect labor Indirect materials Repairs and maintenance Power nces 45,000 90,000 45,000 43,000(2,000) Favrable 44,250 96,000 (750) Favorable 6,000 Unfavorable 360,000 361,000 1,000 Unfavorable 24,000 80,000 12,000 Deprecia lding 75,000 11,500 achinery (5,000) Taxes and insurance