1. Prepare flexible overhead budgets (as in Exhibit 23.12) for October showing the amounts of each variable and fixed cost at the 65%, and 85% capacity levels. PLEASE SHOW ALL. EACH and EVERY CALCULATION STEP BY STEP.

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Problem 23-3A Antuan Company set the following standard costs for one unit of its product. Direct labor (2 hrs. @ $17 per hr) .34 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% level Overhead Budget (75% Capacity) Variable overhead costs 45,000 90,000 Total variable overhead costs . . .. . . . . . $360,000 Fixed overhead costs 24,000 80,000 2,000 79,000 Depreciation- machinery . Total fixed overhead costs .. . . . . . $555,000