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. $5.10 per Ib.) Direct labor (8 hrs. $14 per hr.) Factory overhead-variable (8 hrs. $6 per hr.) Factory overhead-fixed (8 hrs. $12 per hr.) Total standard cost $153.00 112.00 48.00 96.00 $ 409.0e The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 66,000 units per quarter. The following flexible budget information is available rating Levels 70% 80% 90% Production in units Standard direct labor hour:s Budgeted overhead 46,200 369,600 52,800 422,400 59,400 475,200 Fixed factory overhead Variable factory overhead $5,068,800 $2,217,600 $5,068,800 $2,534,400 $5,068,800 $2,851,200 During the current quarter, the company operated at 90% of capacity and produced 59,400 units of product, actual direct labor totaled 369,400 hours. Units produced were assigned the following standard costs. Direct materials (1,782,000 Ibs. $5.10 per Ib.) Direct labor (475, 200 hrs. $14 per hr.) Factory overhead (475, 200 hrs. $18 per hr.) Total standard cost $ 9,088,200 6,652,800 8,553,600 $24,294,600 Actual costs incurred during the current quarter follow Direct materials (1,387,000 Ibs. $6.70 per lb.) Direct labor (369,400 hrs. $11.60 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $ 9,292,900 4, 285,040 3,196,500 3,466,700 $20,241,140