Flexible Budgets Assignment i =https%253 Saved Flms.mheducation.com%252Fmghmiddleware%252Fm Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. ANTUAN COMPANY Flexible Budget at Capacity Level of Flexible Overhead Budgets For Month Ended October 31 Variable Amount Total Fixed per Unit Cost 65% Production (in units) Variable overhead costs 75% 85% $ 0.00 0 $ 0 $ 0 Fixed overhead costs $ 0 0 $ 0 $ 0 Total overhead costs S Prev 14 15 16 17 Next > Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs. Depreciation-Building 24,000 Depreciation-Machinery 71,000 Taxes and insurance Supervisory salaries Total fixed overhead costs. Total overhead costs 17,000 280,250 392,250 $ 527,250 Saved The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,000 pounds @ $5.20 per pound) Direct labor (22,000 hours @ $14.20 per hour) Overhead costs Indirect materials. Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 317,200 312,400 $ 41,250 176,250 17,250 34,500 24,000 95,850 15,300 280,250 684,650 $ 1,314,250 Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. ANTUAN COMPANY Flexible Budget at Capacity Level of S < Prev 14 15 16 17 of 17 Next > Flexible Overhead Budgets Variable Amount Tatal Civad C B Required information [The following information applies to the questions displayed below.) Antuan Company set the following standard costs per unit for its product. Direct materials (4.0 pounds @ $5.00 per pound) Direct labor (1.9 hours @ $14.00 per hour) Overhead (1.9 hours @ $18.50 per hour) Standard cost per unit $ 20.00 26.60 35.15 $ 81.75 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. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs $ 15,000 75,000 15,000 30,000 135,000 24,000 71,000 17,000 280,250 392,250 $ 527,250 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October. S < Prev 14 15 16 17 of 17 Next >