Required information [The following information applies to the questions displayed below] Antuan Company set the following standard costs per unit for its product Direct materials (3.0 pounds @ $5.00 per pound) Direct labor (1.6 hours @ $10.00 per hour) Overhead (1.6 hours $18.50 per hour)) Standard cost per unit $15.00 16.00 29.60 $.60.60 The standard overhead rate ($18.50 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 standard overhead rate ($18.50 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 Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and Insurance Supervisory salaries Total fixed overhead costs Total overhead costs $ 15,000 75,000 15,000 30,000 135,000 24,000 72,000 17,000 196,000 309,000 $444,000 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (46,000 pounds @ $5.20 per pound) Direct labor (21,000 hours @ $10.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation Building Depreciation-Machinery Taxes and Insurance Supervisory salaries Total costs $239,200 214,200 $ 41,650 176,250 17,250 34,500 24,000 97,200 15,300 196,000 602,150 $1,055,550 Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. Flexible Budget at Capacity Level of ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Variable Amount Total Fixed per Unit Cost 65% Production (in units) Variable overhead costs i 75% 85% $ 0.00 S 0 $ 0 $ 0 Fixed overhead costs Required information Production (in units) Variable overhead costs 0.00 $ 0 $ 0 Fixed overhead costs 13 0 $ 0 $ 0 $ 0 Total overhead costs