of 2 Required information [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 @ $4.80 per pound) Direct labor (8 hours @ $16 per hour) Variable overhead (8 hours @ $9 per hour). Fixed overhead (8 hours @ $12 per hour) Standard cost per unit Book Mc Graw Hill $144.00 128.00 72.00 96.00 $ 440.00 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 59,000 units per quarter. The following additional information is available. Production (in units) Operating Levels 70% 41,300 330,400 80% 90% 47,200- 377,600 53,100 424,800 Standard direct labor hours (8 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead. $ 4,531,200 $ 4,531,200 $ 2,973,600 $3,398,400 $4,531,200 $3,823,200 During the current quarter, the company operated at 90% of capacity and produced 53,100 units; actual direct labor totaled 420,800 hours. Units produced were assigned the following standard costs. Direct materials (1,593,000 pounds $4.80 per pound) Direct labor (424,800 hours @ $16 per hour) Overhead (424,800 hours @ $21 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,582,000 pounds @ $5.90 per pound) Direct labor (420,800 hours @ $12.50 per hour) Fixed overhead Variable overhead $ 7,646,400 6,796,800 8,920,800 $ 23,4,000 $ 9,333,800 5,260,000 4,297,600 4,023,200 4 77 914