2. Compute the diroct imsterials variance, including its pitce and quantity variances. Note: Indicate the effeet of each verlance by selecting fovorable, unfavorable, of no variance. The company incurred the following actual costs when it operated at 75% of capacity in Octobet. Required: 1. Prepare flexible overtiead budgets for October showing amounts of each variable and fixed cont at the 65%,75%, and 85% capacity tevels. Required information 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 houn) 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 cosis per month at the 75% capacily tevel. The company incurred the following actual costs when it operated at 75% of capacity in October. 3. Compute the direct labos variance, including its rate and efticlency variances Note: Indicate the effect of each variance by selecting fovorable, unfovorable, or no variance. Round "Rate per hour" onswers to two decimol ploces. \begin{tabular}{|l|l|l|l|} \hline Variable overhead costs & Flexible Budget Actual Resuits \\ \hline Fixed overiances \\ \hline \end{tabular} ANTUAN COMPANY Flexible Overhead Budgets \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{ For Month Ended October 31} & \multirow{2}{*}{\begin{tabular}{l} Variabie Amount \\ per Unit \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} Totaifixed \\ Cost \end{tabular}} & \multicolumn{6}{|c|}{ Flexible Budget at Capacity Level of } \\ \hline & & & \multicolumn{2}{|c|}{65%} & \multicolumn{2}{|r|}{75%} & \multicolumn{2}{|r|}{85%} \\ \hline \multicolumn{9}{|l|}{ Production (in units) } \\ \hline \multicolumn{9}{|l|}{ Variable overhead costs } \\ \hline \multicolumn{9}{|l|}{ Indirect materials } \\ \hline \multicolumn{9}{|l|}{ Indirect labor } \\ \hline \multicolumn{9}{|l|}{ Power } \\ \hline \multicolumn{9}{|l|}{ Maintenance } \\ \hline \multicolumn{9}{|l|}{7} \\ \hline Total variable overhead & 0.00 & & $ & 0 & $ & 0 & $ & 0 \\ \hline \multicolumn{9}{|l|}{ Fixed overhead costs } \\ \hline \multicolumn{9}{|l|}{ Depreciation-Building } \\ \hline \multicolumn{9}{|l|}{ Depreciation-Machinery } \\ \hline \multicolumn{9}{|l|}{ Taxes and insurance } \\ \hline \multicolumn{9}{|l|}{ Supervisory salaries } \\ \hline \\ \hline Total fixed overhead & & $ & $ & 0 & $ & 0 & $ & 0 \\ \hline Total overhead costs & & & & & & & & \\ \hline \end{tabular} 4. Prepare a detailed overhead variance report that shows the variances for individual items of overheac Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance