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 (1.9 hours @ $13.00 per hour) Overhead (1.9 hours @ $18.50 per hour) $ 20.00 24.70 35.15 Standard cost per unit $ 79.85 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% 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 $ 15,000 Indirect labor 75,000 Power 15,000 Maintenance 30,000 Total variable overhead 135,000 costs Fixed overhead costs Depreciation-Building 25,000 Depreciation-Machinery 70,000 Taxes and insurance 18,000 Supervisory salaries 279, 250 Total fixed overhead costs 392, 250 $ Total overhead costs 527, 250 The company incurred the following actual costs when it operated at 75% of capacity in October $ 311,100 303,600 Direct materials (61,000 pounds @ $5.10 per pound) Direct labor (23,000 hours @ $13.20 per hour) Overhead costs $ Indirect materials 41,600 Indirect labor 176,200 Power 17,250 Maintenance 34,500 Depreciation-Building 25,000 Depreciation Machinery 94,500 Taxes and insurance 16,200 Supervisory salaries 279, 250 684,500 $ 1,299, 200 Total costs 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 Variable Total Flexible Budget at Capacity Amount per Fixed Level of Unit Cost 65% 75% 85% For Month Ended October 31 Production (in units) Variable overhead costs