question 8-3A numbers 1-5 solutions please

all exhibits are attached

93.500 Entertainment expense Income from operations 466,500 471.000 Required 1. Prepare a flexible budget performance report for 2019. 2. Compute both the (a) sales variance and (b) direct materials cost variance. Check Variances: Fred costs $36.000 income $9.000 F Antuan Company set the following standard costs for one unit of its product. Direct materials (6 lbs. $5 per Ib.). Direct labor (2 hrs. $17 perbe) Overhead (2 hrs. $18.50 per ht). Total standard cost. $ 30 34 37 $101 Problem 8-3A Flexible budget preparation, computation of materials, labor, and overhead variances, and overhead variance report P1 P2 P3 P4 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume 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. Chapter 8 Flexible Budgets and Standard Costs Overhead Budget (75% Capacity) $ 45,000 180,000 45.000 90.000 $360,000 Variable overhead costs Indirect materials Indirect labor Power Repairs and maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance.. Supervision Totalfixed overhead costs Total overhead costs 24,000 80,000 12,000 79.000 195.000 $555,000 The company incurred the following actual costs when it operated at 75% of capacity in October $ 464,100 526,125 Direct materials 191,000 lbs. $5.10 per tb.) Direct labor (30,500 hrs $17.25 per he:) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 44.250 177,750 43,000 96,000 24,000 75,000 11,500 89,000 560.500 $1,550,725 Required 1. Examine the monthly overhead budget to (a) determine the costs per unit for each variable overhead item and its total per unit costs and (b) identify the total fixed costs per month 2. Prepare flexible overhead budgets (as in Exhibit 8.12) for October showing the amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. 3. Compute the direct materials cost variance, including its price and quantity variances. 4. Compute the direct labor cost variance, including its rate and efficiency variances. 5. Prepare a detailed overhead variance report (as in Exhibit 8.16) that shows the variances for individual items of overhead. Trico Company set the following standard unit costs for its single product