Required information The following information applies to the questions dyed below) Antuan Company set the following standard com costs for one of product Direct materials (3.0 lbs. $5.00 per $15.00 Ib.) Direct labor (1.7 hrs. $11.ee per hr.) 18.70 Overhead (1.7 hrs. $18.50 per hr.) 31.45 Total standard cost $65.15 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 (75% Capacity) Variable overhead costs Indirect materials $ 15,880 Indirect labor 75, eee Power 15, eee Repairs and maintenance 30, eee Total variable overhead costs $135, eee Fixed overhead costs Depreciation-Building 23, eee Depreciation-Machinery 78,888 Taxes and insurance 17,800 Supervision 226,750 Total fixed overhead costs 336,758 Total overhead costs $471,750 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (45,508 Ibs. $5.20 per lb.) $ 236,60 Direct labor (21,080 hrs. $11.2e per hr.) 235, 280 Overhead costs Indirect materials $ 41,ese Indirect labor 176,180 Power 17,250 Repairs and maintenance 34,500 Depreciation-Building 23,00 Depreciation Machinery 94,500 Taxes and insurance 15,300 Supervision 226,750 628,450 Total costs $1,100,250 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 Variable Amount Total Fixed 65% of Cost capacity Flexible Budget for 75% of capacity per Unit 85% of capacity Sales (in units) Variable overhead costs $ 0.00 0 Fixed overhead costs