> ezto.mheducation.com A& C + Assignments: ACCT&203 5432 - $25 - Lemmond M Question 1 - Chapter 23 - Homework - Connect Chapter 23 - Homework Saved Help Save & Exit Submit Check my work Antuan Company set the following standard costs per unit for its product. Direct materials (5.0 pounds @ $4.00 $ Part 1 of 4 per pound) 20.00 Direct labor (1.7 hours @ $11.00 per 18.70 hour) Overhead (1.7 hours @ $18.50 per 31. 45 hour eBook Standard cost per unit 70.15 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 24, 000 Depreciation-Machinery 71, 000 Taxes and insurance 16, 000 Supervisory salaries 225, 750 Total fixed overhead costs 336, 750 Total overhead costs 471, 750 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (76, 000 pounds @ $4.20 per pound) $ 319, 200 Direct labor (20, 000 hours @ $11.30 per 226, 000 hour) Overhead costs Indirect materials 41, 750 Indirect labor 176, 450 Power 17, 250 Maintenance 34,500 Depreciation-Building 24, 000 Depreciation Machinery 95 . 850 > ezto.mheducation.com A& C + Assignments: ACCT&203 5432 - $25 - Lemmond M Question 1 - Chapter 23 - Homework - Connect Chapter 23 - Homework Saved Help Save & Exit Submit Check my work hour) 240 , 0OU Overhead costs Indirect materials $ 41, 750 Part 1 of 4 Indirect labor 176, 450 Power 17, 250 Maintenance 34, 500 Depreciation-Building 24, 000 Depreciation-Machinery 95, 850 Taxes and insurance 14, 400 eBook Supervisory salaries 225, 750 629, 950 Total costs $ 1, 175, 150 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 Variable Total Flexible Budget at Capacity October 31 Amount per Fixed Level of Unit Cost 65% 75% 85% Production (in units) Variable overhead costs Fixed overhead costs Total overhead costs