i need the answer quickly !Required information[The following information applies to the questions displayed below.]Antuan Company set the following standard costs per unit for its product.Direct materials (4.0 pounds @ $5.00 per pound)Direct labor (1.6 hours @ $14.00 per hour)Overhead (1.6 hours @ $18.50 per hour)Standard cost per unit$ 20.0022.4029.60$ 72.00The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory'scapacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacitylevel.Overhead Budget (75% Capacity)Variable overhead costsIndirect materialsIndirect labor$ 15,00075,000Power15,000Maintenance30,000Total variable overhead costs135,000Fixed overhead costsDepreciation-Building23,000Depreciation-Machinery71,000Taxes and insurance18,000197,000309,000$ 444,000Supervisory salariesTotal fixed overhead costsTotal overhead costsThe company incurred the following actual costs when it operated at 75% of capacity in October.Direct materials (60,500 pounds @ $5.10 per pound)Direct labor (21,000 hours @ $14.40 per hour)Overhead costsIndirect materialsIndirect laborPowerMaintenanceDepreciation-BuildingDepreciation-MachineryTaxes and insuranceSupervisory salariesTotal costs$ 308,550302,400$ 41,900176,65017,25034,50023,00095,85016,200197,000602,350$ 1,213,300Required:1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacitylevels.ANTUAN COMPANYFlexible Overhead BudgetsFor Month Ended October 31Variable Amount Total Fixedper UnitCostProduction (in units)Variable overhead costsFlexible Budget at Capacity Level of65%75%85%$0.000 $0 $0Fixed overhead costs$0$0 $0$0Total overhead costs

Variable costs are costs that varies with the change in the level of output whereas fixed costs are…

Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. Direct materials (4.0 pounds @ $5.00 per pound) Direct labor (1.6 hours @ $14.00 per hour) Overhead (1.6 hours @ $18.50 per hour) Standard cost per unit $ 20.00 22.40 29.60 $ 72.00 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 Indirect labor $ 15,000 75,000 Power 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building 23,000 Depreciation-Machinery 71,000 Taxes and insurance 18,000 Supervisory salaries 197,000 309,000 $ 444,000 Total fixed overhead costs Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (60,500 pounds @ $5.10 per pound) Direct labor (21,000 hours @ $14.40 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 308,550 302,400 $ 41,900 176,650 17,250 34,500 23,000 95,850 16,200 197,000 602,350 $ 1,213,300 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 October 31 Variable Amount Total Fixed Flexible Budget at Capacity Level of per Unit Cost 65% 75% 85% Production (in units) Variable overhead costs $ 0.00 $ 0 $ 0 $ 0 Fixed overhead costs $ 0 $ 0 $ 0 $ 0 Total overhead costs

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...