[The following information applies 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% capacty level. The company incurted the following actual costs when it operated at 75% of capacity in Octobet. The company incurred the following actual costs when it operated at 75% of capocity in Octobet: Required: 1. Prepare flexble overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. (1) Required information \begin{tabular}{|c|c|c|c|c|c|c|} \hline & ANTUA & N COMPANY & & & & \\ \hline & Floxible 0 & Jerhead Budge & & & & \\ \hline & Variable Amount & Total Fixed & Flexible Bu & Idget at Capac & ty Level of & \\ \hline For Month Ended October 31 & per Unit & Cost & 65% & 75% & 85% & \\ \hline Production (in units) & & & & & & \\ \hline Variable overhead costs & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline- & & & & & & \\ \hline & & & & & & \\ \hline & 0.00 & & $ & $ & 0 & 0 \\ \hline Fixed overhead costs & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & $ & $ & $ & $ & 0 \\ \hline Total overhead costs & & & & & & \\ \hline \end{tabular} 2. Compute the direct materials variance, including its price and quantity variances. (lindicate the effect of each variance by selecting favorable, unfavorable, or no variance.) 3. Compute the direct labor varlance, including its rate and efficiency variances, (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal places.)