The following information applies to the questions displayed below) Trico Company set the following standard unit costs for its single product Direct materials (38 Ibs. $5.00 per Ib.) Direct labor (7 hrs. $14 per hr.) Factory overhead-variable (7 hrs. 9 $7 per hr. Factory overhead-fixed (7 hrs. e $9 per hr.) Total standard cost s 158.80 98.00 49.00 63.00 s 360.80 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 51,000 units per quarter. The following flexible budget information is available. rating Levels 70% 80% Production in units Standard direct labor hours Budgeted overhead 35,780 48, 888 285,600 45,900 321,300 249,900 Fixed factory overhead Variable factory overhead $2,570,480 $2,578,480 $2, 570,400 $1,749,300 $1,999,200 $2,249,199 During the current quarter, the company operated at 90% of capacity and produced 45,900 units of product, actual direct labor totaled 317,300 hours. Units produced were assigned the following standard costs Direct materials (1,377,000 Ibs. $5.00 per Ib.6,885,800 Direct labor (321,300 hrs. $14 per hr.) Factory overhead (321,300 hrs. $16 per hr.) Total standard cost 4,498,28e $16,524,089 rch