6 part 2 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of eachvariance by selecting favorable, unfavorable, or no variance.)Expected productionvolumeProduction level achievedVolume VarianceVariable overhead costsIndirect materialsIndirect laborPowerMaintenanceTotal variable overhead costsFixed overhead costsDepreciation-BuildingDepreciation MachineryTaxes and insuranceSupervisory salariesTotal fixed overhead costsTotal overhead costsVolume VarianceBudgeted (flexible) overheadStandard overhead appliedVolume varianceTotal overhead variance75% of capacity75% of capacityNo varianceFlexibleBudget$$ANTUAN COMPANYOverhead Variance ReportFor Month Ended October 3115,00075,00015,00030,000135,00024,00071,00018,000251,500364,500499,500Answer is not complete.$ActualResults24,000✔95,850✔✔16,200✔251,500✔Variances387,550 $ (23,657,950$(24,850) UnfavorableFavorable1,8000Favorable/Unfavorable0UnfavorableUnfavorableNo variance Antuan Company set the following standard costs per unit for its product.Direct materials (3.0 pounds @ $5.00 per pound)Direct labor (1.8 hours @ $14.00 per hour)Overhead (1.8 hours @ $18.50 per hour)Standard cost per unitThe standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory'scapacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75%capacity level.Overhead Budget (75% Capacity)Variable overhead costsIndirect materialsIndirect laborPowerMaintenanceTotal variable overhead costsFixed overhead costsDepreciation-BuildingDepreciation-MachineryTaxes and insuranceSupervisory salaries.Total fixed overhead costsTotal overhead costsIndirect materialsIndirect laborPowerMaintenanceDepreciation-BuildingDepreciation-MachineryTaxes and insuranceSupervisory salariesTotal costs$ 15,00075,00015, 000The company incurred the following actual costs when it operated at 75% of capacity in October.Direct materials (46,500 pounds @ $5.10 per pound)Direct labor (19,000 hours @ $14.20 per hour)$ 237,150269, 800Overhead costsExpected production volumeProduction level achievedVolume Variance30,000135,00024,00071,00018,00075% of capacity75% of capacityNo variance251, 500364, 500$ 499, 500$15.0025.2033.30$ 73.50ANTUAN COMPANYOverhead Variance ReportFor Month Ended October 31$ 41,700176, 9504. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of eachvariance by selecting favorable, unfavorable, or no variance.)17,25034,50024,00095, 85016, 200251, 500657, 950$ 1,164,900

Name: 6 part 2 4. Prepare a detailed overhead variance report that shows the
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Description: 6 part 2 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of eachvariance by selecting favorable, unfavorable, or no variance.)Expected productionvolumeProduction level ach

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4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Expected production volume Production level achieved Volume Variance Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation Building Depreciation Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs Volume Variance Budgeted (flexible) overhead Standard overhead applied Volume variance Total overhead variance ✔ 75% of capacity 75% of capacity No variance Flexible Budget $ $ ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 15,000 75,000 15,000 30,000 135,000 24,000 71,000 18,000 251,500 Answer is not complete. 364,500 499,500 Actual Results 24,000 95,850 16,200 251,500 387,550 $ 657,950 Variances Favorable/Unfavorable 0✔ $ (24,850) Unfavorable Favorable 1,800 0✔ $ (23,050) 0 Unfavorable Unfavorable No variance