required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Sedona Company set the following standard costs for one unit of its product for this year. Direct material (30 pounds @ $2.00 per pound) Direct labor (20 hours @ $4.50 per DLH) Variable overhead (20 hours @ $2.50 per DLH) Fixed overhead (20 hours @ $1.20 per DLH) Standard cost per unit $ 60.00 90.00 50.00 24.00 $224.00 The $3.70 ($2.50 + $1.20) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 38,500 units, which is 70% of the factory's capacity of 55,000 units per month. The following monthly flexible budget information is available. Flexible Budget Budgeted production (units) Budgeted direct labor (standard hours) Budgeted overhead Variable overhead Fixed overhead Total overhead Operating Levels (% of capacity) 65% 35,750 715,000 $ 1,787,500 924,000 $ 2,711,500 70% 38,500 770,000 $ 1,925,000 924,000 $2,849,000 75% 41,250 825,000 $ 2,062,500 924,000 $ 2,986,500 During the current month, the company operated at 65% of capacity, direct labor of 678,000 hours were used, and the following actual overhead costs were incurred. Actual variable overhead Actual fixed overhead Actual total overhead $ 1,715,000 999,200 $ 2,714,200