Problem 21-3B Flexible overhead budget; materials, labor, and overhead variances; and overhead variance report Suncoast Company set the following standard costs per unit for its product. per month at the 75% capacity level. The company incurred the following actual costs when it operated at 75% of capacity in December. Required 1. Prepare flexible overhead budgets (as in Exhibit 21.12) for December showing amounts of each variable and fixed cost at the 65%, 75% and 85% capacity levels. Check (1) Budgeted total overhead at 17,000 units, $384,000 2. Compute the direct materials variance, including its price and quantity variances. 3. Compute the direct labor variance, including its rate and efficiency variances. 4. Prepare a detailed overhead variance report (as in Problem 21-3B Flexible overhead budget; materials, labor, and overhead variances; and overhead variance report (4) P1 Suncoast Company set the following standard costs per unit for its product. The standard overhead rate ( $16 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 December. Required 1. Prepare flexible overhead budgets (as in $ Exhibit 21.12) for December showing amounts of each variable and fixed cost at the 65\%, 75\%, and 85% capacity levels. Check 11f Eucgoted totat evirhesd at 17,000 unta. 3384,000 2. Compute the direet materials variance. including is price and quantity variances. 3. Compute the direct labor variance, including its rate and efficiency variances. 4. Prepare a detailed overhead variance report (as in 3 Exbibit 21.16) that shows the variances for individual items of overhead