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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. $12.00 22.00 Direct materials (3.0 Ibs. $4.00 per Ib.) Direct labor (2.0 hrs. & $11.00 per hr.) Overhead (2.0 hrs. $13.50 per hr.) Total standard coat 37.00 $71.00 The predetermined overhead rate ($18.50 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 $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and 30,000 naintenance Total variable $135,000 overhead costs Fixed overhead coats Depreciation-Building 25,000 Depreciation Machinery 72,000 Taxes and insurance 16,000 Supervision 307,000 0 Required information TOLA. OVER USES The company incurred the following actual costs when it operated at 75% of capacity in October. $ 188,600 246,400 Direct materials (46,000 lbs. 8 $4.10 per lb.) Direct labor 122,000 hrs. $11.20 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41,050 176,200 17,250 34,500 25,000 97,200 14,400 307,000 712,600 $ $1,147,600 5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production love achieved Volume variance Flexible Budget Actual Results Variances Faw/Untay. Variables Fixed costs Total Overhead coat ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume variance Flexible Budget Actual Results Variances Fav. / Unfav. Variable costs Fixed costs Total overhead costs

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