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Required information [The following information applies to the questions displayed below] Antuan Company set the following standard costs per unit for its product. The standard overhead rate ( $18.50 per direct labor hout) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Foliowing 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% capocity levels, 2. Compute the direct materials variance, including its price and quantify variaoces, (lndicote the effect of ench vorionce by selecting fnvarnble. unfavoroble, or no variance.) 3. Compute the direct labor variance, including its rate and elliciency variances. (indicate the effect of esch vorionce by selecting fovorable, untovorable, or no varience. Round "Rote per hour" answers to two decimal ploces.) 4. Prepare a detalled overhead variance report that shows the variances for indlidual items of overhead. (Indicate the effect of each variance by selecting favorable, unfovorable, or no voriance.)