Sedona Company set the following standard costs for one unit of its product for 2015. Direct material (15 Ibs. @ $4.20 per Ib.) $ 63.00 Direct labor (10 hrs. @ $6.40 per hr.) 64.00 Factory variable overhead (10 hrs. @ $3.70 per hr.) 37.00 Factory fixed overhead (10 hrs. @ $1.50 per hr.) 15.00 Standard cost $ 179.00

Sedona Company set the following standard costs for one unit of its product for 2015 Direct material (15 lbs.$4.20 per Ib.) Direct labor (10 hrs. @$6.40 per hr.) Factory variable overhead (10 hrs.$3.70 per hr) Factory fixed overhead (10 hrs.$1.50 per hr.) $ 63.00 64.00 3700 15.00 Standard cost $ 179.00 The $5.20 ($3.70 $1.50) total overhead rate per direct labor hour is based on an expected operating level equal to 65% of the factory's capacity of 67,000 units per month. The following monthly flexible budget information is also available. Operating Levels (% of capacity) Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) 60% 40,200 402,000 65% 70% 43,550 435,500 46,900 469,000 Variable overhead Fixed overheac $ 1487,400 $ 1,611,350 $ 1,735,300 653,250 653,250 653,250 Total overhead $ 2.140,650 2,264,600 $ 2,388,550 During the current month, the company operated at 60% of capacity, employees worked 382,000 hours, and the following actual overhead costs were incurred. $1,425,000 725,250 Variable overhead costs Fixed overhead costs Total overhead costs $2150,250