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*Please Fill in the Blue Outlined Boxes Below, Problem Sections 1-4: Requlred Information [The following information applies to the questions displayed below.] Antuan Company set

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*Please Fill in the Blue Outlined Boxes Below, Problem Sections 1-4:

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Requlred Information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. Direct materials (4.6 pounds @4.09 per pound) Direct labor (2.0 hours $13.0 per hour) overhead (2.0 hours $18.5 per hour) Standard cost per unit 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. Direct materials ( 61,0 pounds @4.10 per pound) Direct labor (23, ee hours @ \$13.30 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $25,10 305,906 $41,26 176,75 17,250 34, 590 24, eb 95,85 e 14,49e 309 , 712,95 $1,268,956 Requlred: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%,75%, and 85% capacity levels. 2. Compute the direct materials variance, including its price and quantity variances. Note: Indicate the effect of each varlance by selecting fovorable, unfovorable, or no varlance. 3. Compute the direct labor variance, including its rate and efficiency variances. Note: Indleate the effect of each varlance by selectling fovorable, unfovorable, or no varlance. Round "Rate per hour" answers to two declmol places. 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. Note: Indleate the effect of each varlance by selecting fovorable, unfovorable, or no varlance

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