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Problem 23-3A (Algo) Flexible overhead budget; materials, labor, and overhead variances; and overhead variance report LO P1, P2, P3, P4 [The following information applies to the questions displayed below] Antuan Company set the following standard costs per unit for its product. The standard overhead rate ( $18.50 per direct labor hour) is based on a predicted activity level 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 The company incurred the following actual costs when it operated at 75% of capacity in October. standard overhead rate ( $18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's pacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity el. company incurred the following actual costs when it operated at 75% of capacity in October. (1) Required information Prepare a detailed overhead variance report that shows the variances for individual items of overhead. lote: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance