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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

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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 (4.0 Ibs. e $5.00 per Ib.) Direct labor (1.6 hrs. * $11.00 per hr.) Overhead (1.6 hrs. @ $18.50 per hr.) Total standard cost $20.00 17.60 29.60 $67.20 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 (752 Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 90,000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs $150,000 Pixed overhead costs Depreciation-Building 25,000 Depreciation Machinery 70,000 Taxes and insurance 17,000 Supervision 182,000 Total fixed overhead coats 294,000 Total overhead costs $444,000 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 308,550 214,700 Direct materials (60,500 lbs. @ $5.10 per lb.) Direct labor (19,000 hrs. @ $11.30 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total costs $ 41,950 176,450 17,250 34,500 25,000 94,500 15,300 182,000 586,950 $1,110,200 Required: 1&2. 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. ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Flexible Budget Flexible Budget for Variable Amount Total Fixed 65% of 75% of 85% of Cost capacity capacity capacity per Unit Sales (in units) Variable overhead costs Indirect materials Indirect labor Power Repairs and maintenance $ 0.00 0 0 0 Total variable costs Fixed overhead costs Depreciation --Building Depreciation-Machinery Taxes and insurance Supervision 0 Total fixed costs Total overhead costs

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