Antuan Company set the following standard costs per unit for its product The standard overhead rate ( $18.50 per direct labor hour) is based on a predicted activity level 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. The company incurred the following actual costs when it operated at 75% of capacity in October Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%,75%, and 85% capacity levels Requlred: 1. Prepare fiexible overhead budgets for October showing amounts of eoch varable and fioed cost at the 65%, 75%, and 85% capacity levels. 2. Compute the direct materials vanance, Including iss price and quantity variances. Note: Indicote the effect of eoch varience by selecting favorable, unfovorable, or no variance. 3. Compute the orect lobor vartance, Including its rate and efficiency variances Note: Indlcate the effect of esch varlence by selecting fovorable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal ploces. ANIUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume variance (Flexible Budget Actual Results Variances Favorable or Variable overhead costs \begin{tabular}{|l} \hline \\ \hline Fored overhead costs \end{tabular} \begin{tabular}{|l} \hline \\ \hline Total overhead costs \\ \hline Wolume Variance \end{tabular} Volume Variance (ir Volume vanance Total overhead variance