Antuan company set the following standard costs for one unit of its product. direct materials (6 ibs. @ $5 per ib.) $ 30 direct labor (2 hrs. @ $17 per hr.) 34 overhead (2 hrs. @ $18.50 per hr.) 37 total standard cost $ 101 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 $ 45,000 indirect labor 180,000 power 45,000 repairs and maintenance 90,000 total variable overhead costs $ 360,000 fixed overhead costs depreciation—building 24,000 depreciation—machinery 80,000 taxes and insurance 12,000 supervision 79,000 total fixed overhead costs 195,000 total overhead costs $ 555,000 the company incurred the following actual costs when it operated at 75% of capacity in october. direct materials (91,000 ibs. @ $5.10 per lb.) $ 464,100 direct labor (30,500 hrs. @ $17.25 per hr.) 526,125 overhead costs indirect materials $ 44,250 indirect labor 177,750 power 43,000 repairs and maintenance 96,000 depreciation—building 24,000 depreciation—machinery 75,000 taxes and insurance 11,500 supervision 89,000 560,500 total costs $ 1,550,725 3. compute the direct materials cost variance, including its price and quantity variances.