Required information [The following information applles to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. 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. The company incurred the following actual costs when it operated at 75% of capacity in October. Required: 1. Prepare flexible overhead budgets for October showing amounts of each varlable and fixed cost at the 65%,75%, and 85% capacity evels. Compute the direct materials varlance, Including its price and quantity varlances. (Indicate the effect of each variance by selecting avorable, unfavorable, or no variance.) 3. Compute the direct labor varlance, Including its rate and efficlency varlances. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no varlance. Round "Rate per hour" answers to two decimal places.)