Trico Company set the following standard unit costs for its single product Direct materials (30 lbs. $4.88 per Ib.) Direct labor (7 hrs. $14 per hr.) Factory overhead-Variable (7 hrs. @ 56 per hr.) Factory overhead-Fixed (7 hrs. $9 per hr.) Total standard cost $ 144.00 98.00 42.ee 53.00 $347.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 67.000 units per quarter. The following flexible budget information is available. Operating Levels 70% 46,900 53.688 328,300 375,200 90% 60,380 422,100 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $3,376,800 $3,376,800 $3,376,800 $1,959,800 $2,251,208 $2,532, 680 Duiting the current quarter, the company operated at 90% of capacity and produced 60,300 units of product actual direct labor totaled 399,200 hours. Units produced were assigned the following standard costs. Direct materials (1,899,00 lbs. @ $4.8e per Ib.) Direct labor (422,100 hrs. 514 per hr.) Factory overhead (422,108 hrs. $15 per hr.) Total standard cost $ 8,683,200 5.909,400 6,331,500 $28,924,100 Actual costs incurred during the current quarter follow. Direct materials (1,711,000 lbs. $6.30 per 16.) Direct labor (399,200 hrs. 511.20 per hr.) $10,779,300 4,471,040