Chapter 23-HOMEWORK-p284-61 Seved 3 Part 2 of 2 25 pots eBlock Requireo normaon Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds $5.50 per pound) Direct labor (7 hours $14 per hour) Variable overhead (7 hours @ $6 per hour) Fixed overhead (7 hours $12 per hour) Standard cost per unit $165.00 98.00 42.00 84.00 $389.00 Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 62,000 units per quarter. The following additional information is available. Operating Levels Ask Production (in units) Standard direct labor hours (7 DLH/unit) 70% 43,400 303,800 80% 49,600 347,200 90% 55,800 390,600 Budgeted overhead (flexible budget) Fixed overhead $ 4,166,400 References Variable overhead $ 1,822,800 $ 4,166,400 $ 2,083,200 $ 4,166,400 $2,343,600 During the current quarter, the company operated at 90% of capacity and produced 55,800 units; actual direct labor totaled 386,600 hours. Units produced were assigned the following standard costs. Direct materials (1,674,000 pounds @ $5.50 per pound) Direct labor (390,600 hours $14 per hour) Overhead (390,600 hours $18 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,658,000 pounds $7.60 per pound) Direct labor (386,600 hours @ $12.00 per hour) Fixed overhead Variable overhead Actual cost $ 9,207,000 5,468,400 7,030,800 $ 21,706,200 $ 12,600,800 4,639,200 3,321,400 3,109,400 $ 23,670,800