Required information [The following information applies to the questions displayed below] Antuan Compary set the following standard costs per unit for ins product. The standard overhead rate (\$18.50 per direct labor hout) 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 levei The company incurred the following actual costs when it operated at 75% of capacity in October 2. Compute the direct materials variance, including its price and quantity variances. (indicote the effect of each variance by selecting favoroble, unfavorable, or no voriance.) 2. Compule the dired materials varance including its price and quantiy variances. Ondicate the effect of each veriance by selecting. fovorable, unfovorable, or no varionce