Sedona Company set the following standard costs for one unit of its product for this year. Direct material (20 pounds @ $2.50 per pound) $ 50.00 Direct labor (10 hours @ $22.00 per DLH) 220.00 Variable overhead (10 hours @ $4.00 per DLH) 40.00 Fixed overhead (10 hours @ $1.60 per DLH) 16.00 Standard cost per unit $ 326.00 The $5.60 ($4.00 + $1.60) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 37,500 units,