Sedona company set the following standard costs for one unit of its product for 2017.

e (EC) Saved Required information (The following information applies to the questions displayed below.) Sedona Company set the following standard costs for one unit of its product for 2017 Direct material (20 Ibs. @ $2.50 per Ib.) Direct labor (10 hrs. @ $22.00 per hr.) Factory variable overhead (10 hrs. @ $4.00 per hr.) Factory fixed overhead (10 hrs. @ $1.60 per hr.) Standard cost $ 50.ee 220.00 40.ee 16.00 $326.00 The $5.60 ($4.00+ $1.60) total overhead rate per direct labor hour is based on an expecte of the factory's capacity of 50,000 units per month. The following monthly flexible budget i zes Operating Levels (% of capacity) 75% sex 35,000 37,500 40, eee 350,000 375,000 4ee, eee Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) Variable overhead Fixed overhead Total overhead $1,400,000 600,000 $2,000,eee $1,500, eee 600, eee $2,100,000 $1,600, eee 6 00,000 $2,200, eee During the current month the company operated at 70% of canacity emplovees worked 24