[The following information applies to the questions displayed below. Trico Company set the following standard unit costs for its single product. Direct materlals (25 lbs. $5 per lb.) Direct labor (10 hrs. $10 per hr.) Factory overhead-varlable (10 hrs. $6 per hr.) Factory overhead-fixed (10 hrs.$9 per hr.) $125.00 100.00 60.00 90.00 Total standard cost $375.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget Information is avallable Operating Levels 70% 42,000 420,000 90% Production In units Standard direct labor hours Budgeted overhead 80% 48,000 480,000 54,000 540,000 Fixed factory overhead Varlable factory overhead $4,320,000 4,320,000 4,320,000 $2,520,000 2,880,000 $3,240,000 During the current quarter, the company operated at 90% of capacity and produced 54,000 units of product actual direct labor totaled 538,000 hours. Units produced were assigned the following standard costs: Direct materlals (1,350,000 lbs.@ $5 per lb.) Direct labor (540,000 hrs. $10 per hr) Factory overhead (540,000 hrs.$15 per hr.) $ 6,750,000 5.400,000 8,100,000 Total standard cost $20,250,000 Actual costs Incurred during the current quarter follow: Direct materlals (1,345,000 lbs. $5.10 per lb.) Direct labor (538,000 hrs. $9.75 per hr.) Flxed factory overhead costs Variable factory overhead costs $ 6,859,500 5,245,500 4,770,943 4,466,415 Total actual costs $ 21,342,358