Check my work 4 Required information The following information polies to the questions played below) Antun Company set the following standard costs for one unit of its product. 10 Direct materias 4. I. 35.00 per tb.) Direct labor (550.00 per hr.) Overhead 1. ro. 520.10 per ne.) Total standard cost 33.0 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factors 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 Indiri teris Insect labor $ 15,000 75.000 15.000 intenance Total warsdecotte $115,00 4 Part 2014 Overhead Budget (25% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15, eee Repairs and maintenance 3e.ee Total variable overhead costs $135,00 Fixed overhead costs Depreciation-building 23,000 Depreciation Machinery 72,00 Taxes and insurance 17,000 Supervision 252,500 Total fixed overhead costs 354,500 Total overhead costs $499,500 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (61.500 lbs.55.10 per 1b.) Direct labor (19,000 hrs. $19.20 per hr.) Overhead costs Indirect materials Indirect labor $ 313,650 193, see 5.41,150 177,000 ** 4 The company incurred the following actual costs when it operated at 75% of capacity in October $31,650 193.000 Part 2 Direct materins (63,500 5.10 per lb.) Direct Labor (19,000 hrs. $100 per hr.) Overhead costs Indirect materials Indirect labor Power 5.41.150 179,00 17.250 14,50 25,000 15,300 153,500 Depreciation building Depreciation achinery Toses and insurance Supervision Totalt 657.100 $1,165,150 3. Compute the direct materials cost variance, including its pelce and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) Check my work Total costs 4 $1.165,350 Part 2 3. Compute the direct materials cost variance, including its price and quantity variances, (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance) Actual Cost 0 $ 4 $1,165,350 2014 scluding its price and quantity variances (Indicate the effect of each variance by ariance) Standard Cost 0 5 $ 10 $