0 Required information The following information applies to the questions displayed below. Trico Company set the following standard unit costs for its single product Direct materials (30 Ibs. $5.10 per Ib.) Direct labor (8 hrs. $15 per hr.) Factory overhead-variable (8 hrs. $6 per hr.) Factory overhead-fixed (8 hrs. $9 per hr. Total standard cost $153.00 120.00 48.00 72.00 $393.00 The predetermined overhead rate is based on a planned operating volum e of 80% of the productive capacity of 65,000 units per quarter. The following flexible budget information is available. Operating Levels 708 45,500 364,000 80% 52,000 416,000 908 Production in units Standard direct labor hours Budgeted overhead 58,500 468,000 Fixed factory overhead Variable factory overhead $3,744,000 $3,744,000 $3,744,000 $2,184,000 $2,496,000 $2,808,000 During the current quarter, the company operated at 90% of capacity and produced 58,500 units of product, actual direct labor totaled 465,000 hours. Units produced were assigned the following standard costs Direct materials (1,755,000 Ibs. e s5.10 per Ib.) Direct labor (468,000 hrs. $15 per hr.) Factory overhead (468,000 hrs. $15 per hr. 7,020,000 Total standard cost 8,950,500 7,020,000 $22,990,500 Actual costs incurred during the current quarter follow