Antuan Company set the following standard costs for one unit of its product.

Direct materials (3.0 Ibs. @ $5.00 per Ib.)	$	15.00
Direct labor (2.0 hrs. @ $13.00 per hr.)		26.00
Overhead (2.0 hrs. @ $18.50 per hr.)		37.00
Total standard cost	$	78.00

The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factorys capacity of 20,000 units per month. Following are the companys budgeted overhead costs per month at the 75% capacity level.

Overhead Budget (75% Capacity)
Variable overhead costs
Indirect materials	$	30,000
Indirect labor		75,000
Power		30,000
Repairs and maintenance		30,000
Total variable overhead costs				$	165,000
Fixed overhead costs
DepreciationBuilding		24,000
DepreciationMachinery		71,000
Taxes and insurance		18,000
Supervision		277,000
Total fixed overhead costs					390,000
Total overhead costs				$	555,000

The company incurred the following actual costs when it operated at 75% of capacity in October.

Direct materials (46,000 Ibs. @ $5.10 per lb.)				$	234,600
Direct labor (28,000 hrs. @ $13.40 per hr.)					375,200
Overhead costs
Indirect materials	$	41,050
Indirect labor		176,550
Power		34,500
Repairs and maintenance		34,500
DepreciationBuilding		24,000
DepreciationMachinery		95,850
Taxes and insurance		16,200
Supervision		277,000			Supervision 699,650
					Total Costs 1,309,450

182. 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 ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Flexible Budget for 75% of capacity Flexible Budget 65% of capacity 85% of capacity Variable Amount Total Fixed Cost er Unit Sales (in units) Variable overhead costs 0.00 Fixed overhead costs Total overhead costs