8-3A (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. Direct materials (4.8 pounds @ $5.00 per pound) Direct labor (1.8 hours $13.00 per hour) Overhead (1.8 hours $18.50 per hour) Standard cost per unit $ 20.00 23.40 133.30 $76.70 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. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery $ 15,000 75,000 15,000 45,000 150,000 25,000 71,000 Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs 17,000 236, see 349,500 $ 499,500 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (61,000 pounds @ $5.18 per pound) Direct labor (23,000 hours @ $13.10 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 311,100 301,300 $ 41,750 176,600 17,258 51,750 25,000 95,850 15,300 236,500 660,Bee $1,272,400 oblem 8-3A (Algo) Part 1 quired: Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity vels. 9 1 of 4 Required information Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,750 176,600 17,250 51,750 25,000 95,850 15,300 236,500 660,000 1,272,480 02:47:04 Book Print Problem 8-3A (Algo) Part 1 Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels erences ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Variable Amount Total Fixed per Unit Cost Production (in units) Variable overhead costs Fbied overhead costs Total overhead costs Flexible Budget at Capacity Level of 65% 75% 85%