10 ! Required information [The following information applies to the questions displayed below.] Part 1 of 4 Antuan Company set the following standard costs per unit for its product. 0.84 points Direct materials (4.0 pounds @ $5.00 per pound) Direct labor (1.9 hours @ $13.00 per hour) Overhead (1.9 hours @ $18.50 per hour) Standard cost per unit $ 20.00 24.70 35.15 $ 79.85 eBook 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 level. . Print $ 15,000 75,000 15,000 30,000 135,000 References Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs 24,000 71,000 17,000 280,250 392,250 $ 527,250 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 311,100 290,400 Direct materials (61,000 pounds @ $5.10 per pound) Direct labor (22,000 hours @ $13.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,300 176, 250 17,250 34,500 24,000 95,850 15,300 280, 250 684,700 $ 1,286,200 Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. ANTUAN COMPANY Flexible Overhead Budgets Flexible Budget at Capacity Level of For Month Ended October 31 Variable Amount Total Fixed per Unit Cost 65% 75% 85% Production (in units) 13,000 15,000 17,000 Variable overhead costs Indirect materials $ 1.00 $ 13,000 $ 15,000 $ 17.000 Indirect labor Power 1.00 Maintenance 2.00 $ 4.00 $ 13,000 $ 15,000 $ 17,000 Fixed overhead costs $ 0 $ 0 $ 0 $ 0 Total overhead costs