Trico Company set the following standard unit costs for its single product. $120.00 70.00 Direct labor (5 hrs. $I4 per hr.) Factory overhead-variable (5 hrs. $8 per hr)........ 40.000 Factory overhead-fbed (5 hrs. $10 per hr) 50.000 Total standard cost $280.00 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 available