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CHAPTER 21. PLEASE ANSWER 1-4 THIS IS ALL CONSIDERED ONE QUESTION, THIRD TIME POSTING THIS. THANKS IN ADVANCE.

[The following information applies to the questions displayed below.]

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

Direct materials (3.0 Ibs. @ $6.00 per Ib.)	$	18.00
Direct labor (1.6 hrs. @ $12.00 per hr.)		19.20
Overhead (1.6 hrs. @ $18.50 per hr.)		29.60
Total standard cost	$	66.80

The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factorys capacity of 20,000 units per month. Following are the companys 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		30,000
Total variable overhead costs				$	135,000
Fixed overhead costs
Depreciationbuilding		24,000
Depreciationmachinery		71,000
Taxes and insurance		18,000
Supervision		196,000
Total fixed overhead costs					309,000
Total overhead costs				$	444,000

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

Direct materials (46,000 Ibs. @ $6.20 per lb.)				$	285,200
Direct labor (29,000 hrs. @ $12.40 per hr.)					359,600
Overhead costs
Indirect materials	$	41,150
Indirect labor		176,100
Power		17,250
Repairs and maintenance		34,500
Depreciationbuilding		24,000
Depreciationmachinery		95,850
Taxes and insurance		16,200
Supervision		196,000			601,050
Total costs				$	1,245,850

1.

value: 25.00 points

Required information

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.

Document1- Word FILE HOME INSERT DESIGNPAGE LAYOUT REFERENCES MAILINGSREVIEW VIEW Sign in 5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead Required 1&2. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost at ANTUAN COMPANY the 65%, 75%, and 85% capacity levels and classify all items listed in the fixed budget as variable or fixed Overhead Variance Report For Month Ended October 31 ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Expected production volume Production level achieved Volume variance Flexible Budget Flexible Budget for 75% of 65% of Flexible Budget Actual Results Variances Fav. / Unfav 85% of capacity Variable Amount Total Fixed r Un Variable costs Sales (in units) Variable overhead costs Fixed costs Fixed overhead costs Total overhead costs Total overhead costs PAGE 1 OF2 OWORDS L + 160% 10:49 AM 7/21/2016 Search the web and Windows 0 Gqu

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