The standard overhead rate ( $18.50 per direct labor hour) is based on a predicted actlvity 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. The company incurred the following actual costs when it operated at 75% of capacity in October. Problem 8.3A (Algo) Part 4 4. Prepare a detalled overhead varlance report that shows the varlances for Individual items of overhead. (Indlcate the effect of each varlance by selectling favorable, unfavorable, or no varlance.)