Required information The following information applies to the questions displayed below Trico Company set the following standard unit costs for its single product Direct naterials (30 Ibs.$4.80 per Ib.) Direct labor (6 hrs. e $14 per hr.) Factory overhead-variable (6 hr. $7 per hr Factory overhead-fixed (6 hrs. $9 per hr Total standard cost $144.00 84.00 42.00 54.00 $324.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 57,000 units per quarter. The following flexible budget information is available. Operating Levela 90% 39,900 239,400 51,300 307,800 45,600 Production in units Standard direct labor hours Budgeted overhead 273,600 Fixed factory overhead Variable factory overhead $2,462,400 $2,462,400 2, 462,400 $1,675,800 $1,915,200 $2,154,600 During the current quarter, the company operated at 90% of capacity and produced 51,300 units of product actual direct labor totaled 304,800 hours. Units produced were assigned the following standard costs Direct materials (1,539,000 Ibs. $4.80 per Ib.) Direct labor (307, 800 hrs. e $14 per hr Factory overhead (307,800 hrs. $16 per h.4 924.800 Total standard cost P7,387,200 4,309,200 $16,621,200 Actual costs incurred during the current quarter follow Direct materials (1,519,000 Ibs. e $7.30 per 1b. 11,088,700 Direct labor (304, 800 hrs. $13.00 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual conts 3,962,400 2,337,000 2,187,800 $19,575,900