[The following information applies to the questions displayed below.]

Trico Company set the following standard unit costs for its single product.

Direct materials (30 Ibs. @ $4 per Ib.)	$	120.00
Direct labor (8 hrs. @ $8 per hr.)		64.00
Factory overheadvariable (8 hrs. @ $5 per hr.)		40.00
Factory overheadfixed (8 hrs. @ $7 per hr.)		56.00
Total standard cost	$	280.00

The predetermined overhead rate is based on a planned operating volume of 70% of the productive capacity of 70,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		60%		70%		80%
Production in units		42,000		49,000		56,000
Standard direct labor hours		336,000		392,000		448,000
Budgeted overhead
Fixed factory overhead	$	2,744,000	$	2,744,000	$	2,744,000
Variable factory overhead	$	1,680,000	$	1,960,000	$	2,240,000

During the current quarter, the company operated at 80% of capacity and produced 56,000 units of product; actual direct labor totaled 441,000 hours. Units produced were assigned the following standard costs:

Direct materials (1,680,000 Ibs. @ $4 per Ib.)	$	6,720,000
Direct labor (448,000 hrs. @ $8 per hr.)		3,584,000
Factory overhead (448,000 hrs. @ $12 per hr.)		5,376,000
Total standard cost	$	15,680,000

Actual costs incurred during the current quarter follow:

Direct materials (1,675,000 Ibs. @ $4.10 per lb.)	$	6,867,500
Direct labor (441,000 hrs. @ $7.75 per hr.)		3,417,750
Fixed factory overhead costs		3,910,755
Variable factory overhead costs		3,661,132
Total actual costs	$	17,857,137