Trico Company set the following standard unit costs for its single product Direct materials (30 lbs.$4 per lb.) Direct labor (5 hrs. O $14 per hr) Factory overhead-variable (5 hrs@$8 per hr) Factory overhead fixed (5 hrs. $10 per hr) $ 120.00 7000 4000 5000 Total standerd cost $28000 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 80% 48,000 Production in units Standerd direct labor hours Budgeted overhead 42,000 210,000 240.000270,000 $2.400,0004428 Fixed factory overheed Varlable fectory overhead 2.400,000 $2.400,000 $24 $1,680,000 $1,920,000 $ 2160,000 During the current quarter, the company opereted at 90% of capacity and produced 54,000 unitsof product actual direct labor totaled 265,000 hours, units produced were assigned the following standard costs: Direct materials (1,620,000 lbs @$4 per ib) Direct labor (270,000 hrs. $14 per hr) Factory overheed (270,000 hrs.@$18 per hr) 6,480.000 3780000 . 4,860,000 Total standard cost $ 15,120,000