Sedona Company set the following standard costs for one un of its product for 2015 Direct material (20 lbs. $3.30 per lb.) 66.00 $6.00 per hr.) Direct labor (15 hrs. 90.00 $2.80 per Factory variable overhead hrs. 42.00 Factory fixed overhead M5 hrs. $1.20 per h] 216.00 Standard cost The $4.00 ($2.80 $1.200 total overhead rate per direct labor hour is based on an expected operating level equal to 75% of the factory s capacity of 58.000 units per month. The following monthly flexible budget information is also available. Operating Levels of capacity0 Flexible Budget 80% Budgeted output (units) 40,600 43,500 46400 Budgeted labor (standard hours) 652,500 Budgeted overhead (dollars) 1,705,200 1,827,000 1948.800 Variable overhead Fixed overhead 783,000 783,000 783,000 00 2,610,000 2731800 Total overhead During the c urrent month, the company operated at 70% of capacity, employees worked 575.000 hours, and the following actual overhead costs were incurred. 1624,00 Variable overhead costs Fixed overhead costs 866,000 $2,490,000 Total overhead costs