Required information Problem 21-3A Flexible budget preparation; computation of materials, labor, and overhead variances: and overhead variance report LO P1, P2, P3, P4 [The following information applies to the questions displayed below) Antuan Company set the following standard costs for one unit of its product Direct materials (4.6 l. 54.00 per Ib.) Direct labor (1. s. 511.00 per he. ) Overhead (1.8 hrs. 51.50 per hr.) Total standard cost $16.00 19.80 33.30 $69.10 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 Variable overheat costs Indirect materials Indirect la 75,000 15.00 0,00 Nepaistenance Total costs Depreciation building 3135.000 24,000 12.00 16,00 25,500 364, SOM The company incurred the following actual costs when it operated at 75% of capacity in October $250, 100 $4,100 176,200 17,250 24,000 9.200 14. SO 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 fixed ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Flexible Budget Flexible Budget for Variable Amount Total Fixed 65% of 78% of 85% of per Unit Cost capacity capacity capacity 13.000 15,000 17.000 Sales in units) Variable overhead costs Indirect materials Indirect labor Power Repairs and maintenance $ 1.00 13.000 65 000 13,000 30.000 15,000 75.000 15,000 45.000 17.000 55,000 17,000 61,000 $ 100 130,000 150.000 Fedorothead cos Depreciation Building Deprecation Machy 170.000 $24.000 7.000 17 000 210.750 24.000 70.000 17.000 210.750 24.000 70.000 17 000 210.750 24,000 70.000 17 000 210.750 Tvedeados 258.750 321750 321.750 321.750 be here to search