6 Required Information (The following information applies to the questions displayed below. Trico Company set the following standard unit costs for its single product, 1.53 points Direct materials (30 Ibs. e $4.88 per Ib.) Direct labor (7 hrs. $14 per hr.) Factory overhead-variable (7 hrs. e s6 per $144.00 98.00 42.89 eBook hr Factory overhead-fixed (7 hrs. e s9 per hr) 63-00 Total standard cost $347.00 Print The predetermined overhead rate is based on a planned operating volume of 80% of the p units per quarter. The following flexible budget information is available. References Operating Levels 70% H 80% 46,90053,60060,309 90% Production in units Standard direct labor hours Budgeted overhead 328,300 375,200 422,18e Fixed factory overhead $3,376,8?? $3,376,800 $3,376,see Variable factory overhead $1,969,80e $2,251,200 $2,532,600 During the current quarter, the company operated at 90% of capacity and produced 60.30 labor totaled 399.200 hours. Units produced were assigned the following standard costs. Direct materials (1,809,800 Ibs. e $4.80 per Ib.) Direct labor (422,100 hrs. e s14 per hr.) Factory overhead (422,100 hrs. e si5 per hr.) Total standard cost s 8,683,200 5,909,400 6,331, 5ee $20,924,100 Actual costs incurred during the current quarter follow Direct materials (1,711,080 Ibs. e $6.30 per 1b.) Direct labor (399,200 hrs. $11.20 per hr.) 4,471,040 Fixed factory overhead costs $10,779,300 2,813,700 $21,148,140 Variable factory overhead costs Total actual costs