Trico Company set the following standard unit costs for its single product.

Direct materials (26 Ibs. @ $4.40 per Ib.)	$	114.40
Direct labor (5 hrs. @ $8.70 per hr.)		43.50
Factory overheadvariable (5 hrs. @ $5.40 per hr.)		27.00
Factory overheadfixed (5 hrs. @ $7.90 per hr.)		39.50
Total standard cost	$	224.40

The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 64,000 units per quarter. The following flexible budget information is available.

	Operating Levels
		70%		80%		90%
Production in units		44,800		51,200		57,600
Standard direct labor hours		224,000		256,000		288,000
Budgeted overhead
Fixed factory overhead	$	2,022,400	$	2,022,400	$	2,022,400
Variable factory overhead	$	1,209,600	$	1,382,400	$	1,555,200

During the current quarter, the company operated at 70% of capacity and produced 44,800 units of product; actual direct labor totaled 222,500 hours. Units produced were assigned the following standard costs:

Direct materials (1,164,800 Ibs. @ $4.40 per Ib.)	$	5,125,120
Direct labor (224,000 hrs. @ $8.70 per hr.)		1,948,800
Factory overhead (224,000 hrs. @ $13.30 per hr.)		2,979,200
Total standard cost	$	10,053,120

Actual costs incurred during the current quarter follow:

Direct materials (1,114,800 Ibs. @ $4.66 per lb.)	$	5,194,968
Direct labor (222,500 hrs. @ $8.42 per hr.)		1,873,450
Fixed factory overhead costs		1,966,400
Variable factory overhead costs		1,168,125
Total actual costs	$	10,202,943