Required information Required information {The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product. $12.00 22.00 Direct materials (3.0 Ibe. @ $4.00 per tb.) Direct labor (2.0 hrs. @ $11.00 per hr.) Overhead (2.0 hrs. @ $18.50 per hr.) Total standard cost 37.00 $71.00 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. Overhead Budget (751 Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and 30,000 maintenance Total variable $135,000 overhead costs Fixed overhead costs Depreciation-Building 25,000 Depreciation Machinery 72,000 Taxes and insurance 16,000 Supervision 302.000 Total fixed overhead costs 420,000 Total overhead costs $555,000 The company incurred the following actual costs when it operated at 75% of capacity in October, 246,400 Required information VLEECE LUUL 166, VVU ..U per hr.) Overhead costs Indirect materials Indirect labor Power Renaire and maintenanCA Required information Taxes and insurance Supervision Total costs $ 41,050 176,200 17,250 34.500 14,400 307.000 212,600 $1,147,600 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 Floable Budget for Variable Amount Total Fixed 65% of 35% of per Unit Cest capacity capacity capacity 75% Si in uns Variable Fixed overhead co Total warhead costs