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 lbs. @ 84 per Ib.) Direct labor (5 hrs. @ $14 per hr.) Factory overhead-Variable (5 hrs. @ $8 per hr.) Factory overhead-Fixed (5 hrs. $10 per hr.) Total standard cost $120.00 70.00 40.00 50.00 $280.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available, Operating Levels 303 901 42.000 48,000 $1,000 210,000 240,000 270,000 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $2,400,000 $2,400,000 $2,400,000 $1,680,000 $1,920,000 $2,160,000