Required information Part 1 of 4 Required information The following information applies to the questions displayed below] Antuan Company set the following standard costs for one unit of its product $ 30 Direct materials (6 Ibs. @ $5 per Ib.) Direct labor (2 hrs. @ $17 per hr.) Overhead (2 hrs. @ $18.50 per hr.) Total standard cost 34 37 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 $360,000 Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 45,880 Indirect labor 180,000 Power 45,000 Repairs and maintenance 90,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 24,080 Depreciation-Machinery 80,000 Taxes and insurance 12,080 Supervision 79,000 Total fixed overhead costs Total overhead costs $555,000 The company incurred the following actual costs when it operated at 75% of capacity in October The company incurred the following actual costs when it operated at 75% of capacity in October $ 454,100 526,125 References Direct materials (91,000 lbs. @ $5.10 per lb.) Direct labor (30,500 hrs. $17.25 per hr.) 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: 182. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels and classify all items listed in the fixed budget as variable or fored. Required information Part 1 of 4 Required: 1& 2. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels and classify all items listed in the fixed budget as variable or fixed ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Flexible Budget Variable Amount Total Fixed 65% of per Unit capacity Flexible Budoet for 75% of capacity 85% of capacity Cost Sales in units) Variable overhead costs 45,000.00 Indirect materials Indirect labor Power Repairs and maintenance Total variable costs Fixed overhead costs $ 45,000.00 0 0 Total overhead costs