Seoona Lompany set the following standard costs for one unit of its product for 2017. Direct material (15 Ibs. $3.20 per Ib.) Direct labor (10 hrs. $7.00 per hr.) Factory variable overhead (10 hrs. e $4.10 per hr.) 48.00 70.00 41.00 Factory fixed overhead (10 hrs. 1.70 per 17.00 hr.) Standard cost $176.00 The $5.80 ($4.10 $1.70) total overhead rate per direct labor hour is based on an expected operating level equal to 70% of the factory's capacity of 51,000 units per month. The following monthly flexible budget information is also available. Operating Levels (t of capacity) Flexible Budget Budgeted output units) Budgeted iabor (standard hours) Budgeted overhead (dollars) 658 33, 150 70% 75% 35,700 38, 250 331,500 357,000 382, 500 Variable overhead 1,359,150 1, 463,700 1, 569,250 Fixed overhead 606,900606,900 2,070,600 606,900 2,175,150 Total overhead $1,966,050