14 ! Required information Part 1 of 4 (The following information applies to the questions displayed below.) Antuan Company set the following standard costs per unit for its product. 3 points Direct materials (4.0 pounds @ $4.00 per pound) Direct labor (1.9 hours @ $12.00 per hour) Overhead (1.9 hours @ $18.50 per hour) Standard cost per unit $ 16.00 22.80 35.15 $ 73.95 8 04:34:12 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. eBook 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. $ 252,150 231,800 Direct materials (61,500 pounds @ $4.10 per pound) Direct labor (19,000 hours @ $12.20 per hour) Overhead costs Indirect materials Indirect labor Power Mait Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,700 176,200 17,250 34,500 24,000 95,850 15,300 280, 250 685,050 $ 1,169,000 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 Variable Amount Total Fixed Cost 65% 75% 85% For Month Ended October 31 per Unit Production (in units) Variable overhead costs Fixed overhead costs Total overhead costs