Required information [The following information applies to the questions displayed below] Sedona Company set the following standard costs for one unit of its product for 2017. Direct material (20 lbs. $2.50 per b.) Direct labor (10 hrs. $22.00 per hr.) Factory variable overhead (10 hrs. $4.00 per hr.) Factory fixed overhead (10 hrs. @ $1.60 per hr.) Standard cost $ 50.00 220.00 40.00 16.08 $520.00 Sred The $5.60 ($4.00 + $1.60) 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. Operating Levels (% of capacity) 78% Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) Variable overhead fixed overhead Total overhead 75% 80% 35,000 350,000 37,500 375,000 40,000 400,000 $1,400,000 600,000 $2, $1,500,000 600,000 $2,100,000 $1,600,000 600,000 $2,200,000 During the current month, the company operated at 70% of capacity, employees worked 340,000 hours, and the following actual overhead costs were incurred. Variable overhead casts Fixed overhead costs Total overhead costs $1,175,000 $2,003,600 AH Actual Hours SH-Standard Hours AVR-Actual Variable Rate SVR Standard Variable Rate SFR-Standard Fixed Rate Help Save & Exit Submit Check my work