Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $6.00 per Ib.) Direct labor (1.9 hrs. @ $11.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $24.ee 20.90 35.15 $80.05 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, eee Repairs and maintenance 30,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 23,000 Depreciation-Machinery 72,000 Taxes and insurance 18,000 Supervision 279, 250 Total fixed overhead costs $135,000 392,250 Total fixed ouerhead cast Total overhead costs 392.250 3527,250 The company incurred the following actual costs when it operated at 75% of capacity in October 1 372,100 248,00 Direct materials (61,000 lbs.16.18 per le Direct Iabar (22,eee hes 11.30 per hr Overhead cats Indirect materials Indirect Tabar Power Repairs and maintenance Depreciation-Building Depreciation-achinery Taxes and insurance Supervision Total costs $41.350 1765 17.15 34,0 13,000 97,200 16,200 275,250 equired: 2. Prepare flexible overhead budgets for October showing the amounts of each vartable and fed coumen 85 Required: 182. Prepare flexible overhead budgets for October showing the amounts of each von capacity levels and classify all items listed in the fixed budget as variable or teed ANTVAN COMPANY Flexible Overheadgets For Morth Ended October Flexible Butlet Variabile Amount Total Fixed of Cout capacity per un capacity Sale (in units) Vanable overhead costs 000 per UNIT COST capacity capacity capacity Sales (in units) Variable overhead costs $ 0.00 0 0 0 Fixed overhead costs 0 0 0 0 Total overhead costs