[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. $4.80 per Ib.) Direct labor (6 hrs. $14 per hr. Factory overhead variable hrs. $7 per hr.) Factory overhead-fixed (6 hrs. a $9 per hr.) Total standard cost $144.00 84.00 42.00 54.00 $324.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 57,000 units per quarter. The following flexible budget information is available Operating Levels 80% 15, 600 273, 600 903 Production in units Standard direct labor hours Budgeted overhead 39,900 239,400 51,300 307,800 Fixed Iactory overheacd Variable factory overhead $2,462, 400 $1,675,800 $2, 462, 400 $2, 462,400 $1,915,200 $2,154, 600 During the current quarter, the company operated at 90% of capacity and produced 51,300 units of product, actual direct labor totaled 304,800 hours. Units produced were assigned the following standard costs Diroct materials (1, 539,000 Ibs. $4.80 per Ib.) Direct labor (307,800 hrs. $14 per hr.) Factory overhead (307,800 hrs. $16 per hr.) Total standard cost 7,387,200 4,309,200 1,924,800 $16, 621,200 Actual costs incurred during the current quarter follow Direct materials (1,519,000 Tbs. e $7.30 per b.) D? roct labor (304,800 hrs. @ $13.00 por hr.) Fixed Variable factory overhead costs Total actual costs $11,088,700 3,962,400 2, 337, 000 2,187,800 $19,575, 900 actory overhead costs