# Answered Essay: head rate (\$18.50 per direct labor hour) is based on an expected volume of 75%

 Antuan Company set the following standard costs for one unit of its product.

 Direct materials ((3.0 Ibs. @ \$6.0 per Ib.) \$ 18.00 Direct labor (1.7 hrs. @ \$10.0 per hr.) 17.00 Overhead (1.7 hrs. @ \$18.50 per hr.) 31.45 Total standard cost \$ 66.45
 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% level.
 Variable overhead costs Indirect materials \$ 30,000 Indirect labor 75,000 Power 30,000 Repairs and maintenance 30,000 Total variable overhead costs \$ 165,000 Fixed overhead costs Depreciation—building 24,000 Depreciation—machinery 74,000 Taxes and insurance 16,000 Supervision 192,750 Total fixed overhead costs 306,750 Total overhead costs \$ 471,750
 The company incurred the following actual costs when it operated at 75% of capacity in October.
Direct materials (45,500 Ibs. @ \$6.10 per lb.) \$ 277,550
Direct labor (28,000 hrs. @ \$10.30 per hr.) 288,400
Indirect materials \$ 44,250
Indirect labor 177,500
Power 34,500
Repairs and maintenance 34,500
Depreciation—building 24,000
Depreciation—machinery 99,900
Taxes and insurance 14,400
Supervision 192,750 621,800
Total costs \$ 1,187,750
Required:
1&2. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels and classify all items listed in the fixed budget as variable or fixed.
3. Compute the direct materials cost variance, including its price and quantity variances. (Round actual price to 2 decimal places.)

 4 Compute the direct labor cost variance, including its rate and efficiency variances.(Round actual rate to 2 decimal places.)

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