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 (4.0 pounds $5.00 per pound) Direct labor (1.6 hours $12.00 per hour) Overhead (1.6 hours $18.50 per hour) Standard cost per unit $ 20.00 19.20 29.60 $60.00 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 Powe Maintenance $ 15,000 75,000 15,000 30,000 Total variable overhead costs 135,000 25,000 71,000 17,000 196,000 Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead cata 309,000 $ 444,000 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,000 pounds 55.20 per pound) Direct labor (21,000 hours $12.20 per hour) Overhead costs Indirect materials Indirect labor PONGE Maintenance Depreciation Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $317,200 256,200 $ 41,900 176,500 17,250 34,500 25,000 95,850 15,300 196,000 602,300 $1,175,700 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 Budget at Capacity Level of Flexible Overhead Budgets For Month Ended October 31 Variable Amount Total Fixed per Unit Cost 65% Production (in units) Variable overhead costs $ 0.00 Fixed overhead costs 75% $ 0 $ 0 S Total overhead costs 85%