The following Information applies to the questions displayed below Antuan Company set the following standard costs for one unit of its product. Direct materials (4.8 Ibs. $5.80 per Ib.) Direct labor (1.7 hrs. $10.80 per hr.) Overhead (1.7 hrs. $18.50 per hr.) Total standard cost $20.00 17.8e 31.45 $68.45 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 Variable overhead costs 15,8ee 75,880 15,800 38,88 Indirect materials Indirect labor Power Repairs and maintenance Total variable overhead costs $135,88e Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total fixed overhead costs 23,eee 7e,88e 17,eee 226, 758 336,758 $471,75e Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October $313, 650 286,880 Direct materials (61,580 Ibs. $5.18 per 1b.) Direct labor (28,880 hrs. $18.38 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision $ 41,55e 176,800 17,258 34, 58e 23,eee 94, 58e 15, 38e 226,758 628,85e $1,148, 580 Total costs 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. Required 182. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost at the 65%,75 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 for 75% of capacity Flexible Budget Variable Amount Total Fixed 65% of capacity 85% of capacity per Unit Cost Sales (in units) Variable overhead costs 0.00 Fixed overhead costs Total fixed costs Total overhead costs