Required information The following information applies to the questions displayed below. Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. $4.00 per Ib.) Direct labor (7 hrs. @ $14 per hr.) Factory overhead-variable (7 hrs. $7 per hr.) Factory overhead-fixed (7 hrs. @ $11 per hr.) Total standard cost 120.00 98.00 49.00 77.00 344.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 63,000 units per quarter. The following flexible budget information is available 78% 44,100 308,700 erating Levels 80% 50,400 352,800 90% Production in units Standard direct labor hour Budgeted overhead 56,700 396,900 Fixed factory overhead Variable factory overhead $3,880,800 $3,880,800 $3,880,800 $2,160,900 $2,469,600$2,778,300