IThe following information applies to the questions displayed belowj Trico Company set the following standard unit costs for its single product. Direct materials (26 lbs. a $5 per lb) 130.00 Direct labor (10 hrs. a $10 per hr 100.00 Factory overhead-variable hrs. $6 per hr.) 60.00 Factory overhead-fixed (10 hrs. $9 per hr.) 90.00 Total standard cost $380.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available. Operating Levels 8096 9096 Production in units 48,000 54,000 42,000 Standard direct labor hours 420,000 480,000 540,000 Budgeted overhead 4,320,000 $4,320,000 4,320,000 Fixed factory overhead Variable factory overhead $2,520,000 $2,880,000 3,240,000 During the current quarter, the company operated at 9 of capacity and produced 54,000 units of product; actual direct labor totaled 535,000 hours. Units produced were assigned the following standard costs: Direct materials (1,404,000 lbs. $5 per lb) 7020,000 Direct labor (540,000 hrs. $10 per hr) 5,400,000 Factory overhead (540,000 hrs. a $15 per hr) 8,100,000 Total standard cost 20,520,000