Antuan Company set the following standard costs for one unit of its product Direct materials (4. tbs. $4.00 per Ib.) Direct labor (1.7 hrs. @ $10.00 per hr.) Overhead (1.7 hrs. @ $13.50 per hr.) Total standard cost $16.00 17.00 31.45 $64.45 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.ee Repairs and maintenance 30,000 Totol variable overhead costs Fixed overhead costs Depreciation-Building 24,000 Depreciation Machinery 72,000 Taxes and insurance 16,000 Supervision 224,750 Total fixed overhead costs Total overhead costs $135,000 336, 750 5471,750 The company incurred the following actual costs when it operated at 75% of capacity in October 5252,150 228,50 Direct materials (61,500 lbs. 54.10 per 1b.) Direct Labor (22,000 hrs. $10.40 per hr.) overhead costs Indirect materials $ 41,400 The company incurred the following actual costs when it operated at 75% of capacity in October $ 252, 150 228,800 Direct materials (61,500 lbs. $4.10 per 16.) Direct labor (22,080 hrs. @ $10.40 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41,400 176, 100 17,250 34,500 24,089 97,200 14,400 224,750 629,600 $1,110,550 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. ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Flexible Budget Flexible Budget for Variable Amount Total Fixed 65% of 75% of 85% of Cost capacity capacity capacity per Unit Sales dn units) Variable overhead costs 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. ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Flexible Budget Flexible Budget for Variable Amount Total Forced 65% of 75% of 05% of Cost capacity capacity capacity per Unit Sales (in units) Variable overhead costs Fixed overhead costs Total overhead costs