[The following Information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. Direct materials (4.0 pounds @$6.00 per pound) Direct labor (2.0 hours @ $12.00 per hour) Overhead (2.0 hours $18.50 per hour) Standard cost per unit $ 24.00 24.00 37.00 $ 85.00 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. Overhead Budget (75% Capacity) Variable overhead costs. Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Maintenance 30,000 Total variable overhead costs 135,000. Fixed overhead costs Depreciation-Building 25,000 Depreciation-Machinery 70,000 Taxes and insurance Supervisory salaries 17,000 308,000 Total fixed overhead costs 420,eee Total overhead costs $555,000 The company Incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (60,500 pounds @ $6.18 per pound) Direct labor (19,000 hours @ $12.30 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $369,050 233,700 $ 41,650 176,500 17,250 34,500 25,000 94,500 15,300 308,000 712,700 $ 1,315,450 Required information Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Variable Amount Total Fixed Flexible Budget at Capacity Level of per Unit Gost 65% 75% 65% Production (in units) Variable overhead costs 0.00 S 05 05 Fixed overhead costs $ 03 05 0 Total overhead costs