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Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. @ $4.00 per Ib.) Direct labor (1.7 hrs.

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Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. @ $4.00 per Ib.) Direct labor (1.7 hrs. @ $11.00 per hr.) Overhead (1.7 hrs. @ $18.50 per hr.) Total standard cost $12.00 18.70 31.45 $62.15 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. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 24,000 Depreciation-Machinery 71,000 Taxes and insurance 16,000 Supervision 225,750 Total fixed overhead costs $135,000 336,750 $471,750 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October. $ 186,550 212,800 Direct materials (45,500 lbs. @ $4.10 per lb.) Direct labor (19,000 hrs. @ $11.20 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total costs $ 41,600 176,200 17,250 34,500 24,000 95,850 14,400 225,750 629,550 $1,028,900 Required: 1&2. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels and classify all items listed in the fixed budget as variable or fixed. Answer is not complete. Required ormation ANTUAN LUIVIPANT Flexible Overhead Budgets For Month Ended October 31 Flexible Budget Flexible Budget for Variable Total Fixed 65% of 75% of 85% of Amount per Cost capacity capacity capacity Unit 13,000 15,000 17,000 Sales (in units) Variable overhead costs Indirect materials Indirect labor Power Repairs and maintenance 0.00 0 0 0 Fixed overhead costs DepreciationBuilding DepreciationMachinery Taxes and insurance Supervision 0 0 0 Total fixed costs Total overhead costs

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