Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. $5.00 per Ib. 15.00 26.60 35.15 Direct labor (1.9 hrs. @ 14.00 per hr.) Overhead (1.9 hrs e $18.50 pe h.) 76.75 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 (758 Capacityh variable overhead costs S 15,000 75,000 15,000 30.000 Indirect material Power Repir and maintenance Total vriable overhead co t 135, 000 Fixed overhead cost Depreciation-Machinery Taxes and insurance upervision Total fixed overhead costs 24,000 72,000 17.000 279, 250 392 250 $527,250 Tot1 overhead co t The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materi1a 46,000 lbs. @ $5.10 per 1b. Direct labor (22, 000 hrs. e$14.40 per hr. Overhead costs $ 234, 600 316, 800 Indirect materials Indirect labor Power Repir and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance upervision 41,800 176,700 17,250 34, 500 24,000 97,200 15, 300 279, 250 686, 000 $1,237,400 ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Flexible Budget Flexible Budget for Variable Amount per Total Fixed 65% of 75% of 85% of Sales (in units) Vari iable overhead costs Indirect materials Indirect labor Power Repairs and maintenance Total variable costs 0.00 Fixed overhead costs Depreciation-Building Depreciation -Machin Taxes and insurance Total fixed costs Total overhead costs