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 ( $4.00 per pound) $ 12.60 Direct labor (1.8 hours ( $14.00 per hour) 25.20 Overhead (1.8 hours ( $18.50 per hour) 33.30 Standard cost per unit $ 70.50 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 $ 15,800 Indirect labor 75,806 Power 15,806 Maintenance 30,Bee Total variable overhead costs 135,890 Fixed overhead costs Depreciation-Building Depreciation-Machinery 72,606 Taxes and insurance 17,806 Supervisory salaries 251,506 Total fixed overhead costs 164,506 Total overhead costs $ 499, 580 The company Incurred the following actual costs when it operated at 75% of capacity In October. Direct materials (46,500 pounds @ $4.20 per pound) $ 195,309 Direct labor (21,806 hours @ $14.20 per hour) 298, 206 Overhead costs Indirect materials $ 41, 350 Indirect labor 176, 350 Power 17, 250 Maintenance 34,500 Depreciation-Building 24, 090 Depreciation-Machinery 97, 200 Taxes and insurance 15,309 Supervisory salaries 251,580 657,450 Total costs $ 1, 150, 950 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 Flexible Budget at Capacity Level of per Unit Cost 65% 75%% 859% Production (in units) Variable overhead costs Fixed overhead costs