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 @ $5.ee per pound) $ 15.00 Direct labor (1.9 hours $12.ee per hour) 22.80 Overhead (1.9 hours @ $18.58 per hour) 35.15 Standard cost per unit $72.95 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 over ad costs Indirect materials $ 15,000 Indirect labor 75,eee Power 15,eee Maintenance 38,eee Total variable overhead costs 135,eee Fixed overhead costs Depreciation-Building 25,eee Depreciation Machinery 70,000 Taxes and insurance 18,eee Supervisory salaries 279,25 Total fixed overhead costs 392,25 Total overhead costs $ 527,250 The company Incurred the following actual costs when it operated at 75% of capacity in October Direct materials (46,000 pounds @ $5.20 per pound) $ 239,280 Direct labor (20,eee hours $12.20 per hour) 244, eee Overhead costs Indirect materials $ 41,950 Indirect labor 176,95 Power 17.250 Maintenance 34,500 Depreciation-Building 25,000 Depreciation Machinery 94,58 Taxes and insurance 16,280 Supervisory salaries 279, 250 685,600 Total costs $ 1,168,888 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 Cost 65% 75% 85% Production (in units) Variable overhead costs per Unit Fixed overhead costs Total overhead costs