[The following information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. Direct materials (3.0 pounds @ $4.00 per pound) Direct labor (1.9 hours @ $11.00 per hour) Overhead (1.9 hours @ $18.50 per hour) Standard cost per unit $ 12.00 20.90 35.15 $ 68.05 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 Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs 25,000 70,000 16,000 281,250 392,250 $ 527,250 Check 14 ok t nces The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (46,000 pounds @ $4.10 per pound) Direct labor (20,000 hours @ $11.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,250 $ 188,600 224,000 176,700 17,250 34,500 25,000 94,500 14,400 281,250 684,850 $ 1,097,450 Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. Required information For Month Ended October 31 Variable Amount per Unit Total Fixed Cost 65% 75% Flexible Budget at Capacity Level of 85% Production (in units) Variable overhead costs Fixed overhead costs Total overhead rnete Book Print erences 2. Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost $ 0 $ 0 0 $ 0 ces. (Indicate the effect of each $ Ces 0 Standard Cost 05 3. Compute the direct labor variance, 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.) Actual Cost Standard Cost Book wint 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) ences Expected production volume ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 4 of 4 Expected production volume: Production level achieved Volume Variance ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Flexible Budget Actual Results Variances Favorable/Unfavorable Book Variable overhead costs Print ferences Fixed overhead costs 17 Required information Part 4 of 4 Fixed overhead costs 3 points eBook Total overhead costs Print Volume Variance References Mc Volume variance Total overhead variance SE 9 L F blout Check my work