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Antuan Company set the following standard costs for one unit of its product Direct materials (3.0 Ibs. $5.00 per Ib.) Direct
The company incurred the following actual costs when it operated at 75 % of capacity in October. Direct materials (46,000 Ibs
5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. ANTUAN COMPANY Over
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ANTUAN COMPANY
Overhead Variance Report
For Month Ended October 31
Expected production volume 75% of capacity
Production level achieved 75% of capacity
Volume variance No variance
Flexible Budget Actual Results Variances Fav. / Unfav.
Variable costs
Indirect materials 15,000 41,450 26,450 Unfavorable
Indirect labor 75,000 176,350 101,350 Unfavorable
Power 15,000 17,250 2,250 Unfavorable
Repairs and maintenance 30,000 34,500 4,500 Unfavorable
Total variable costs 135000 269550 134,550 Unfavorable
Fixed costs
Depreciation—Building 24,000 24,000 0 No variance
Depreciation—Machinery 71,000 95,850 24,850 Unfavorable
Taxes and insurance 17,000 15,300 1,700 Favorable
Supervision 197,000 197,000 0 No variance
Total fixed costs 309000 332150 23,150 Unfavorable
Total overhead costs 444000 601700 157,700 Unfavorable
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