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Required information [The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product

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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 @ $5.00 per pound) Direct labor (7 hours @ $14 per hour) Variable overhead (7 hours $7 per hour) Fixed overhead (7 hours @ $9 per hour) Standard cost per unit $ 150.00 98.00 49.00 63.00 $ 360.00 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 61,000 units per quarter. The following additional information is available. Production (in units) Standard direct labor hours (7 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead Operating Levels 70% 42,700 298,900 80% 908 48,800 341,600 54,900 384,300 $ 3,074,400 $ 3,074,400 $ 3,074,400 $ 2,092,300 $ 2,391,200 $ 2,690,100 During the current quarter, the company operated at 90% of capacity and produced 54,900 units; actual direct labor totaled 316,300 hours. Units produced were assigned the following standard costs. Direct materials (1,647,000 pounds $5.00 per pound) Direct labor (384,300 hours @ $14 per hour) Overhead (384,300 hours $16 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,364,000 pounds $7.80 per pound) Direct labor (316,300 hours @ $11.10 per hour) Fixed overhead Variable overhead Actual cost $ 8,235,000 5,380,200 6,148,800 $ 19,764,000 $ 10,639,200 3,510,930 2,348,400 2,742,200 $ 19,240,730

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