Trico Company set the following standard unit costs for its single product Direct materials (30 Ibs. $4.90 per Ib Direct labor (4 hrs. $16 per hr. ) Factory overhead-variable (4 hrs. e $6 per hr.) Factory overhead-fixed (4 hrs. $10 per hr.) Total standard cost $147.00 64.00 24.00 40.00 $275.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity 67000 units per quarter. The following flexible budget information is available. Operating Levels 70% 46,900 187,600 80% 53,600 214,400 908 Production in units standard direct labor hours Budgeted overhead 60,300 241,200 , $2,144, 000 $2,144,000 $2,144,000 variable factory overhead 1,125,600 $1,286,400 $1,447,200 Fixed factory overhead During the current quarter, the company operated at 90% of capacity and produced 60,300 units of prod direct labor totaled 184,800 hours. Units produced were assigned the following uct, actual standard costs. Direct materials (1,809,000 Ibs. e $4.90 per Ib.) Direct labor (241,200 hrs. e $16 per hr.) Factory overhead (241,200 hrs. $16 per hr.) Total standard cost $ 8,864,100 3,859,200 3,859,200 $16,582,500