Lu Homework: Flexible Budgets Assignment M Question me | myLU le Budgets Assignment i Saved 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 @ $6.00 per pound) $ 24.00 Direct labor (1.9 hours @ $12.00 per hour) 22.80 Overhead (1.9 hours @ $18.50 per hour) 35 . 15 Standard cost per unit $ 81.95 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 $ 15, 000 Indirect labor 75 , 000 Power 15, 000 Maintenance 30 , 000 Total variable overhead costs 135, 000 Fixed overhead costs Depreciation-Building 23 , 000 Depreciation-Machinery 71, 000 Taxes and insurance 17, 000 Supervisory salaries 281, 250 Total fixed overhead costs 392 , 250 Total overhead costs $ 527, 250 The company incurred the following actual costs when it operated at 75% of capacity in October. O NOV 21 stv 4 MacBook Air 988 F2 DD DII DD F3 F4 F5 F6 F7 F8 F9 F10 a # $ % & N 3 4 5 6 8 9 O W E R T Y U Oezto.mheducation.com M Question 14 - Hon me | myLU Lu Homework: Flexible Budgets Assignment le Budgets Assignment i Saved vepi EllaLUITIatnineLy Don't 1 Taxes and insurance 17, 000 Supervisory salaries 281, 250 Total fixed overhead costs 392, 250 Total overhead costs $ 527, 250 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,500 pounds @ $6.20 per pound) $ 381, 300 Direct labor (23, 000 hours @ $12.20 per hour) 280, 600 Overhead costs Indirect materials $ 41, 150 Indirect labor 176, 400 Power 17, 250 Maintenance 34, 500 Depreciation-Building 23 , 000 Depreciation-Machinery 95, 850 Taxes and insurance 15 , 300 Supervisory salaries 281, 250 684, 700 Total costs $ 1, 346, 600 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 Overhead Budgets Flexible Budget at Capacity Level of For Month Ended October 31 Variable Amount Total Fixed per Unit Cost 65% 75% 85% NOV O 21 as tv 4 MacBook Air 30 868 DD F3 F4 F6 F7 F8 F9 F10 $ % PK W # 4 5 6 8 9 O W E R T Y U O PView History Bookmarks Window Help ezto.mheducation.com Home | myLU Lu Homework: Flexible Budgets Assignment M Question 14 - Hom k: Flexible Budgets Assignment i Saved Required information ANTUAN COMPANY Flexible Overhead Budgets Flexible Budget at Capacity Level of For Month Ended October 31 Variable Amount Total Fixed per Unit Cost 65% 75% 35% Production (in units) Variable overhead costs Indirect materials Indirect labor Power rences Maintenance Total variable overhead $ 0.00 $ o $ o$ Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead $ o $ o $ o $ Total overhead costs NOV 21 tv 4 MacBook Air F7 20 886 DII DD F3 F4 F5 F6 A F8 F9 F10 @ N 3 4 5 6 8 9 O W E R T Y U O P S D F G H Kezto.mheducation.com Home | myLU Lu Homework: Flexible Budgets Assignment M Question 15 - Homework: Flexible Budgets Assignn xible Budgets Assignment i Saved Help Save & Exit Subr Check my work Overhead costs Indirect materials $ 41, 150 Indirect labor 176, 400 Power 17, 250 Maintenance 34, 50 Depreciation-Building 23, 000 Depreciation-Machinery 95, 850 Taxes and insurance 15, 300 Supervisory salaries 281, 250 684, 700 Total costs $ 1, 346, 600 2. Compute the direct materials variance, including its price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Cost Standard Cost 0 $ $ of Prev 15 16 17 of 17 Next > NOV 21 stv A OUGO MacBook Air 80 3 888 F12 @ W# N 5 6 O W E R T Y U O P S D F G H K X Hill NOV 21 tv MacBook Air 20 888 DO FB FO F12 % N 3 5 8 O C Q W E R Y U O P S D F G H K X C B N M COMMANDedit View History Bookmarks Window Help NOV O 21 stv 4 O MacBook Air 20 868 DII DD F4 F5 F6 F7 F8 F9 # % 3 4 5 8 9 O W E R T Y U Oa ezto.mheducation.com Home | myLU Lu Homework: Flexible Budgets Assignment rk: Flexible Budgets Assignment i Saved Required information Fixed overhead costs Ook rint rences Total overhead costs Volume Variance Volume variance $ of Total overhead variance Graw NOV 21 atv 4 O MacBook Air 20 888 F2 DII DD F3 F4 F6 F7 F8 Fo @ % & N 3 4 5 6 8 9 O W E R T Y U O