Check my work Required information [The following information applies to the questions displayed below. Antuan Company set the following standard costs for one unit of its product. Direct materials (6 lbs. $5 per Ib.) Direct labor (2 hrs. @ $17 per hr.) Overhead (2 hrs. $18.50 per hr.) Total standard cost $ 30 34 37 $ 101 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 $ 45,000 Indirect labor 180,000 Power 45,000 Repairs and maintenance 90,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 24,000 Depreciation-Machinery 80,000 Taxes and insurance 12,000 Supervision 79,000 Total fixed overhead costs Total overhead costs $360,000 195,000 $555,000 Check my work The company incurred the following actual costs when it operated at 75% of capacity in October. $ 464,100 526, 125 Direct materials (91,000 Ibs. @ $5.10 per lb.) Direct labor (30,500 hrs. @ $17.25 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total costs $ 44,250 177,750 43,000 96,000 24,000 75,000 11,500 89,000 560,500 $1,550,725 Pequired: cupucily CV un LIUDY IT ILLITI TULUI TAUwuuyru VUIUDICI TALU. 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 per Unit Cost capacity capacity capacity Sales (in units) Variable overhead costs Fixed overhead costs Total overhead costs