Required information The following information applies to the questions displayed below) Antuan Company set the following standard costs for one unit of its product Direct materials (6 Ibs. $5 per Ib.) $ 30 Direct labor (2 hrs. $17 per hr.) Overhead (2 hrs. $18.50 per Total standard cost hr.) 34 37 $101 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 (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Repairs and maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total fixed overhead costs Total overhead costs $ 45,000 180,000 45,000 90,000 $360,000 24,000 80, 000 12,000 79,000 105, 000 $555, 000 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (91,000 Ibs. $5.10 per lb.) Direct labor (30,500 hrs. $17.25 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total costs $44,250 177, 750 43,000 96,000 24,000 75,000 11,500 89, 000 $464,100 526, 125 560, 500 $1,550, 725 of 4 Required: 182. 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. Answer is not complete. ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Flexible Budget Flexible Budget for Sales (in units) Variable overhead costs Indirect materials Variable Amount per Total Fixed Cost Unit 65% of capacity 39,000.00 Indirect labor 156,000.00 Power 39.000.00 Repairs and 78,000.00 maintenance Total variable costs Fixed overhead costs Depreciation-Building O DepreciationMachinery Taxes and insurance Supervision Total fixed costs Total overhead costs s 312.000.00 24,000 80.000 12,000 79,000 75% of capacity 85% of capacity 0 $ 5 O $ o $