Required information

Problem $21-3$A $($Algo$)$ Flexible overhead budget; materials, labor, and overhead variances; and overhead variance report LO P$1,$ P$2,$ P$3,$ P$4$

$[$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 $(\backslash (\backslash$$ $18\mathrm{.}50\backslash )$ per direct labor hour$)$ is based on a predicted activity level of $\backslash (75\backslash \%\backslash )$ of the factory's capacity of $20,000$ units per month. Following are the company's budgeted overhead costs per month at the $\backslash (75\backslash \%\backslash )$ capacity level.

The company incurred the following actual costs when it operated at $75\backslash \%$ of capacity in October. Required:

$1.$ Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the $65\backslash \%,\backslash (75\backslash \%\backslash ),$ and $\backslash (85\backslash \%\backslash )$ capacity levels.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$c$|\}\{$ANTUAN COMPANY$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$c$|\}\{$Flexible Overhead Budgets$\}\backslash \backslash$

$\backslash$hline $\backslash$multirow$\{2\}\{*\}\{$For Month Ended October $31\}$ & $\backslash$multirow$[$b$]\{2\}\{*\}\{$Variable Amount per Unit$\}$ & $\backslash$multirow$[$b$]\{2\}\{*\}\{$Total Fixed Cost$\}$ & $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Flexible Budget at Capacity Level of$\}\backslash \backslash$

$\backslash$hline & & & $65\backslash \%$ & $75\backslash \%$ & & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{$Production $($in units$)\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{$Variable overhead costs$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{?\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{?\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{\}\backslash \backslash$

$\backslash$hline & $\backslash$$ $0\mathrm{.}00$ & & $\backslash$$ $0$ & $\backslash$$ & $0$ & $\backslash$$ & $0\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{$Fixed overhead costs$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{\backslash (\backslash$longrightarrow $\backslash )\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{\backslash$multirow$[$t$]\{2\}\{*\}\{$P$\}\}\backslash \backslash$

$\backslash$hline & & & & & & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{?\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{8\}\{|$l$|\}\{\}\backslash \backslash$

$\backslash$hline & & $\backslash$$ $0$ & $\backslash$$ $0$ & $\backslash$$ & $0$ & $\backslash$$ & $0\backslash \backslash$

$\backslash$hline Total overhead costs & & & & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}2.$ Compute the direct materials variance, including its price and quantity variances.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. $3.$ Compute the direct labor variance, including its rate and efficiency variances.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal places. $4.$ Prepare a detailed overhead variance report that shows the variances for individual items of overhead.

Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.