Required Informatlon The following Information apples to the questions displayed below Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $4.90 per Ib.) Direct labor (4 hrs. $16 per hr.) Factory overhead-variable (4 hrs. $6 per hr.) Factory overhead-fixed (4 hrs. e $10 per hr.) Total standard cost 147.00e 64.00 24.00 40.00 275.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 67,000 units per quarter. The following flexible budget Information is available perating Levels 80% 53,600 214,400 90% Production in units Standard direct labor hours Budgeted overhead 70% 46,900 187,600 60,300 241,200 Fixed factory overhead Variable factory overhead $2,144,000 $2,144,000 2,144,000 $1,125,600 $1,286,400 1,447,200 During the current quarter, the company operated at 90% of capacity and produced 60,300 units of product, actual direct labor totaled 184,800 hours. Units produced were assigned the following standard costs Direct materials (1,809,000 Ibs. @ $4.90 per Ib.) Direct labor (241,200 hrs. $16 per hr.) Factory overhead (241,200 hrs. e $16 per hr.) Total standard cost $ 8,864,100 3,859,200 3,859,200 $16,582,500 Actual costs Incurred during the current quarter follow. Direct materials (1,413,000 Ibs. @ $7.70 per lb.) Direct labor (184,800 hrs. e $11.10 per hr.) Fixed factory overhead costs Variable factory overhead costs Total actual costs $10,880,100 2,051,280 1,318,400 1,732,600 $15,982,380