[The following information applies to the questions displayed below) Antuan Company set the following standard costs per unit for its product Direct materials (4.2 pounds @ $6.00 per pound) Direct Labor (1.9 hours @ $12.ee per hour) Overhead (1.9 hours $18.50 per hour Standard cost per unit $24.00 22.80 35.15 $81.95 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 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 $ 15,000 75,eee 15,000 30,000 135,000 24,000 71,00 17.000 280, 250 392,250 $ 527,250 The company incurred the following actual costs when it operated at 75% of capacity in October 5 325.100 250.300 Direct Saterials (60,58 pounds 56.20 per pound) Direct labor (21,800 hours $12.30 per hour) Overhead costs Indirect material Tedirect labor Power Maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervisory salaries Total cost 5.41. 176, Boe 17.250 34,500 24,000 95,850 1. See 280,250 585.750 119,158 2.Compute the direct material Variance, including its price and quantity variances. Indicate the effect of each variance by selecting favorable, unfavorable or no variance.) Adulquant Standard price Actus Cost Acus quantity X 80.500 $375.100 Standard price Standard Cost Standard quantity x * Actual price 620 $ 48.000 x $ 0 $ 0 Unavaible Directmanals pnce varne Derectus quantity Marance Direct materials arance Total costs $1,319,150 2. Computo the direct labor vartance, 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) Achal Cost Standard Cast ol 5 4. Prepare a detailed overhead varlance report that shows the variances for Individual items of overhead. Indicate the effect of each varlance by selecting favorable, unfavorable, or no vartance.) ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume Variance Flexible Budget Actual Results Variances FavorableUnfavorable Variable overhead costs Fixed overhead costs Total Overhead costs Volume Variance $ Volume varande Total overhead vanane