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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 saterials (4.0 lbs. 56.00 per Ib.) Direct Labor (1.7 hes. $12.00 per hr.) Overhead (1.7 hes. $18.50 per hr.) Total standard cost $24.ee 20.40 31.45 $75.35 The predetermined overhead rate (518 50 per direct labor hour) is based on an expected volume 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 (75% Capacity) Variable overhead costs Indirect materials $ 30,000 Indirect labor 75,000 Power 30,000 Repairs and maintenance 30,000 Total variable overhead costs Hued overhead costs $165.000 Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 30,000 Indirect labor 75,000 Power 30,000 Repairs and maintenance 30,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 25,000 Depreciation Machinery 71,000 Taxes and insurance 18,000 Supervision 192,750 Total fixed overhead costs Total overhead costs $165, bec 306,75e $471,750 The company incurred the following actual costs when it operated at 75% of capacity in October 337, 100 266,200 Direct materials (60,500 lbs. 56.20 per 1b.) Direct labor (22,000 hrs. 512.10 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Buliding Depreciation-achinery TAVA PA 5.41.200 Trk, 250 14. She 34,500 2. W Check Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs 34, 34,500 25,000 95,850 16,200 192.750 616,250 31,258,050 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 Standard $ 0 5 0 5

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