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 (6 pounds @ $5 per pound) $ 30 Direct labor (2 hours @ $17 per hour) 34 Overhead (2 hours @ $18.50 per hour) 37 Standard cost per unit $ 101 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 $ 45, 000 Indirect labor 180, 000 Power 45,000 Maintenance 90, 090 Total variable overhead costs 360, 000 Fixed overhead costs Depreciation-Building 24, 000 Depreciation Machinery 80, 000 Taxes and insurance 12, 000 Supervisory salaries 79, 000 Total fixed overhead costs 195 , 060 Total overhead costs $ 555, 000 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (91,000 pounds @ $5.10 per pound) $ 464, 100 Direct labor (30,500 hours @ $17.25 per hour) 526, 125 Overhead costs Indirect materials $ 44, 250 Indirect labor 177, 750 Power 43, 000 Maintenance 96, 000 Depreciation-Building 24, 000 Depreciation-Machinery 75, 000 Taxes and insurance 11, 500 Supervisory salaries 89, 000 560, 500 Total costs $ 1,550, 725Depreciation-Building 24, 000 Depreciation-Machinery 75, 000 Taxes and insurance 11, 500 Supervisory salaries 89, 000 560, 500 Total costs $ 1,550, 725 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 Flexible Budget at Capacity Level of For Month Ended October 31 | Variable Amount Total Fixed per Unit Cost 65% 75% 85% Production (in units) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead 0 $ o $ o $ 0 Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries $ o $ o $ o $ Total overhead costs