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The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factorys capacity of 20,000 units per

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The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factorys capacity of 20,000 units per month. Following are the companys budgeted overhead costs per month at the 75% capacity level.

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The company incurred the following actual costs when it operated at 75% of capacity in October.

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Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. e $4.00 per Ib.) Direct labor (1.9 hrs. @ $13.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) $16.00 24.70 35.15 Total standard cost $75.85 The predetermined overhead rate ($18.50 per direct labor hour) is based on an capacity of 20,000 units per month. Following are the company's budgeted ove level. Overhead Budget (75% Capacity) The predetermined overhead rate ($18.50 per direct labor hour) is based on capacity of 20,000 units per month. Following are the company's budgeted capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 15,000 90,000 15,000 30,000 Indirect labor Power Repairs and maintenance Total variable overhead costs $150,000 Fixed overhead costs 24,e00 72,000 17,000 264,250 Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total fixed overhead costs 377,250 $527, 250 Total overhead costs Total ed overhead costs 377,250 $527,250 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in Octol Direct materials (60, se0 Ibs. @ $4.10 per 1b.) Direct labor (21,e0e hrs. @ $13.30 per hr.) $ 248,050 279,300 Overhead costs $ 41,950 176,550 17, 250 34,500 24,000 97, 200 Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision 15, 300 264, 250 671,000 $1,198,350 Total costs equired: $1,198,350 cy variances. (Indicate the effect of each variance by er hour" answers to two decimal places.) Standard Cost

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