Antuan Company set the following standard costs for one unit of its product

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Antuan Company set the following standard costs for one unit of its product.

Direct materials (4.0 Ibs. @ $4.00 per Ib.)	$	16.00
Direct labor (1.8 hrs. @ $11.00 per hr.)		19.80
Overhead (1.8 hrs. @ $18.50 per hr.)		33.30
Total standard cost	$	69.10

The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume 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
Repairs and maintenance		45,000
Total variable overhead costs				$	150,000
Fixed overhead costs
Depreciation—Building		25,000
Depreciation—Machinery		72,000
Taxes and insurance		17,000
Supervision		235,500
Total fixed overhead costs					349,500
Total overhead costs				$	499,500

The company incurred the following actual costs when it operated at 75% of capacity in October.

Direct materials (61,000 Ibs. @ $4.10 per lb.)				$	250,100
Direct labor (28,000 hrs. @ $11.20 per hr.)					313,600
Overhead costs
Indirect materials	$	41,050
Indirect labor		176,400
Power		17,250
Repairs and maintenance		51,750
Depreciation—Building		25,000
Depreciation—Machinery		97,200
Taxes and insurance		15,300
Supervision		235,500			659,450
Total costs				$	1,223,150

Required:
1&2. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels and classify all items listed in the fixed budget as variable or fixed.

ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31   Flexible Budget Flexible Budget for   Variable Amount per Unit Total Fixed Cost 65% of capacity 75% of capacity 85% of capacity Sales (in units)           Variable overhead costs           Indirect materials           Indirect labor           Power           Repairs and maintenance                       Total variable costs $0.00   0 0 0 Fixed overhead costs           Depreciation—Building           Depreciation—Machinery           Taxes and insurance           Supervision                       Total fixed costs   0 0 0 0 Total overhead costs

3. Compute the direct materials cost variance, including its price and quantity variances.

AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price?

	Actual Cost 0       0 Standard Cost AQ x AP AQ x SP SQ x SP   x 0   x     x                       $0 0 $0     Direct materials price variance $0     Direct materials quantity variance 0   Total direct materials variance

4. Compute the direct labor cost variance, including its rate and efficiency variances.

AH = Actual Hours
SH = Standard Hours
AR = Actual Rate
SR = Standard Rate

	Actual Cost 0       0 Standard Cost         x                 x                             $0 0 $0     Direct labor rate variance $0     Direct labor efficiency variance 0   Total direct labor variance

Please check this one below

ANTUAN COMPANY KWIKEZE COMPANY KWIKEZE COMPANY KWIKEZE COMPANY KWIKEZE COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume 75% of capacity   Production level achieved 75% of capacity Volume variance No variance   Flexible Budget Actual Results Variances Fav. / Unfav. Variable costs         Indirect materials $15,000 $41,050 $26,050 Unfavorable Indirect labor 75,000 176,400 101,400 Unfavorable Power 15,000 17,250 2,250 Unfavorable Repairs and maintenance 45,000 51,750 6,750 Unfavorable           Total variable costs 150,000 286,450 136,450 Unfavorable Fixed costs         Depreciation—Building 25,000 25,000   No variance Depreciation—Machinery 72,000 97,200 25,200 Unfavorable Taxes and insurance 17,000 15,300 1,700 Favorable Supervision 235,500 235,500   No variance           Total fixed costs 349,500 373,000 $23,500 Unfavorable Total overhead costs $499,500 $659,450 $159,950 Unfavorable