The following information applies to the questions displayed below Sedona Company set the following standard costs for one unit of its product for 2015. Direct material (30 lbs.$2.20 per lb.) Direct labor (20 hrs.@$4.20 per hr.) Factory variable overhead (20 hrs. @$2.20 per hr) Factory fixed overhead (20 hrs.@ $1.10 per hr.) $66.00 84.00 44.00 22.00 Standard cost $ 216.00 The $3.30 ($2.20+$110) total overhead rate per direct labor hour is based on an expected operating level equal to 60% of the factory's capacity of 68,000 units per month. The following monthly flexible budget information is also available. Operating Levels (% of capacity) 55% 60% 65% Flexible Budget Budgeted output (units) Budgeted labor (standard hours) Budgeted overhead (dollars) 37400 748,000 40,800 816,000 44,200 884,000 Variable overhead Fixed overhead $1,645,600 $1,795,200 1,944,800 897600 897,600 897,600 Total overhead $ 2,543,200 2,692,800 2,842,400