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 @ $5.00 per pound) Direct labor (1.7 hours @ $11.00 per hour) Overhead (1.7 hours @ $18.50 per hour) Standard cost per unit $ 15.00 18.70 31.45 $ 65.15 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. $ 15,000 75,000 15,000 30,000 135,000 Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs 23,000 71,000 18,000 224,750 336,750 $ 471,750 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 236,600 224,000 Direct materials (45,500 pounds @ $5.20 per pound) Direct labor (20,000 hours @ $11.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,750 176,550 17,250 34,500 23,000 95,850 16,200 224,750 629,850 $ 1,090,450 Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. per Unit 65% ANTUAN COMPANY Flexible Overhead Budgets Flexible Budget at Capacity Level of For Month Ended October 31 Variable Amount Total Fixed Cost 75% 85% Production (in units) Variable overhead costs Indirect materials Indirect labor Power Maintenance $ 0.00 $ 0 $ 0 $ 0 Total variable overhead Fixed overhead costs DepreciationBuilding DepreciationMachinery Taxes and insurance Supervisory salaries $ 0 $ 0 $ 0 $ 0 Total fixed overhead Total overhead costs