[The following information applies to the questions displayed below.]Antuan Company set the following standard costs for one unit of its product.
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.
15,000
The company incurred the following actual costs when it operated at 75% of capacity in October.
rev: 04_27_2020_QC_CS-209738
3. Compute the direct materials cost variance, including its price and quantity variances.(Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.)
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