Required Informetlon Use the following information for the Exercises below The following Information applies to the questions displayed below Sedona Company set the following standard costs for one unlt of its product for 2017 $ 64.88 83.8e 47 .80 23.8e $217.86e Direct material (28 Ibs. $3.28 per Ib.) Direct labor (18 hrs. $8.30 per hr.) Factory variable overhead (1e hrs. $4.70 per hr.) Factory fixed overhead (18 hrs. $2.38 per hr. Standard cost The $700 ($4.70 + $2.30) total overhead rate per direct labor hour is based on an expected operating level equal to 60% of the factory's capacity of 57,000 units per month. The following monthly flexible budget Information is also avallable Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) 55% 68% 34,288 65% 37,858 37e,58e 31, 358 313, 58e 342,88 Variable overhead Fixed overhead Total overhead $1,473,458 $1,687,480 786,68e $2,268,850 $2,394 , 8 1,741,358 786,68e $2,527,950 786,68e During the current month, the company operated at 55% of capacity. employees worked 295,000 hours, and the following actual overhead costs were Incurred. $1,411,800 858,85e $2,269, 858 Variable overhead costs Fixed overhead costs Total overhead costs AH Actual Hours SH Standard Hours AVR Actual Variable Rate SVR Standard Varlable Rate SFR- Standard Fixed Rate