Direct materials $(4\mathrm{.}0$ pounds @ $$5\mathrm{.}00$ per pound$)$

Direct labor $(1\mathrm{.}6$ hours of $$12\mathrm{.}00$ per hour$)$

$\backslash$table$[[$$$20\mathrm{.}00$

Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the $65\%,75\%,$ and $85\%$ capacity levels. Compute the direct materials variance, including its price and quantity variances. Compute the direct labor variance $,$ including its rate and efficiency variances. Prepare a detailed overhead variance report that shows variances for individual items of overhead.