64 The following information applies to the questions displayed belowJ Sedona Company set the following standard costs for one unit of its product for 2017 Direct material (28 Ibs. $2.58 per Ib.) Direct labor (10 hrs. $22.08 per hr.) Factory variable overhead (18 hrs. $4.08 per hr.) Factory fixed overhead (1e hrs. e $1.68 per hr) 16.80 Standard cost $ 58.08 220. 40.00 5326.08 The S5 60 S4 00 .$160, total overhead rate per direct labor hour is based on an expected operating level equal to 75% of the factory's capacity of 50,000 units per month. The following monthly flexible budget information is also available. Budgeted output (units) Budgeted labor (standard hours) 350,000 375,000 400,000 (dollars) Fixed overhead Total $1,488,89e $1,58e,eee $1,600,880 680,880 600,e288 $2,000,8ee $2,180,800 $ 6e0,eee 2,280,88e Dmg the aument month, the company operated at 70% of capacity, employees worked 340.000 hours, and the following Variable overhead costs $1,375,880 Fixed overhead costs Total overhead costs $2,803,680 AH Actual Hours SH-Standard AVR Actual Variable Rate SVR- SFR Standard Fixed Rate