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

The following Information applies to the questions displayed below. Trico Company set the following standard unit costs for its single product. Direct materials (28 lbs. @$5 per lb.) Direct labor (10 hrs. $10 per hr) Factory overhead-variable (10 hrs.@$6 per hr.) Factory overhead-fixed (10 hrs.$9 per hr) $ 140.00 100.00 60.00 90.00 Total standard cost $390.00 The predetermined overhead rate is based on a planned operating volume of 60% of the productive capacity of 40,000 units per quarter. The following flexible budget information is available rating Leve 50% 20,000 200,000 60% 24,000 240,000 70% Production in units Standard direct labor hours 28,000 280,000 Fixed factory overhead Variable factory overhead 2,160,000 2,160,000 2,160,000 $1,200,000 1440,000 $1,680,000