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 (5.0 pounds @ $5.00 per pound) Direct labor (1.9 hours @ $12.00 per hour) Overhead (1.9 hours @ $18.50 per hour) standard cost per unit $ 25.00 22.80 35.15 $ 82.95 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 $ 15,000 Indirect labor 75,000 Power 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building Depreciation-Machinery 24,000 72,000 Taxes and insurance Supervisory salaries Total fixed overhead costs 16,000 280,250 392,250 $ 527,250 Total overhead costs The company incurred the following actual costs when It operated at 75% of capacity in October. Direct materials (76,500 pounds @ $5.20 per pound) Direct labor (21, eee hours @ $12.30 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 397,800 258,300 $ 41,750 176,300 17,250 34,500 24,000 97,200 14,400 280,250 685,650 $ 1,341,750 Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Variable Amount Total Fixed per Unit Cost 65% Production (in units) Variable overhead costs Flexible Budget at Capacity Level of 75% 85% $ 0.00 $ 0 S 0 S 0 Fixed overhead costs $ 0 $ 0 S 0 S 0 Total overhead costs < F