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. $4.40 per Ib.) Direct labor (6 hrs. $14 per hr. Factory overhead-variable (6 hrs. $9 per hr.) Factory overhead-fixed (6 hrs. $12 per hr.) Total standard cost $132.00 84.00 54.00 72.00 $342.00 The predetermined overhead rte is based on a planned operating volume of 80% of the productive capacity of 55,000 units per quarter. The following flexible budget information is available Operating Levels 80% 44,000 231,000264,000 297,000 70% 8,500 90% Production in units Standard direct labor hours Budgeted overhead 49,500 Fixed factory overhead variable factory overhead $3,168,000 $3,168,000 $3,168,000 2,079,000 $2,376,000 $2,673,000 During the current quarter, the company operated at 90% of capacity and produced 49,500 units of product, actual direc labor totaled 292,000 hours. Units produced were assigned the following standard costs