Question: 4. Compute the direct labor cost variance, including its rate and efficiency variances. Antuan Company set the following standard costs for one unit of its

4. Compute the direct labor cost variance, including its rate and efficiency variances. Antuan Company set the following standard costs for one unit of its product. Direct materials (6 Ibs. @ $5 per Ib.) Direct

4. Compute the direct labor cost variance, including its rate and efficiency variances.

labor (2 hrs.@ $17 per hr.) Overhead (2 hrs. @ $18.50 per

Antuan Company set the following standard costs for one unit of its product. Direct materials (6 Ibs. @ $5 per Ib.) Direct labor (2 hrs.@ $17 per hr.) Overhead (2 hrs. @ $18.50 per hr.) Total standard cost $ 30 34 $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

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