Trico Compeny set the folowing stendard unit costs for its single product 15300 2.00 Dieect maperials (30 s 0 3510 per D Direct laber (8hrs o $14 per hr) Factory overheadvariable (B hrs, o 56 per ht) Factory overhead-fowed (8 hrs. $12 per h s 40900 The predetermined overhead rate is based on a planned operating volume of B0% ofthe productive capacity of 66,000 uits per quarter. The following flexible budget information is available. Production in units Standard direct labor hours 52 800 369.600 422.400 9.400 75.200 Fxed factory overhead Varlabie actory overhend S 5068,800 $ 5,068,800 5,068.800 s 2,212600 2,534.400 2,851.200 ng the eurrent quarter, the company operated at 90% of capacity and p oduced 59 400 units of product; actual direct labor totaled 36 400 hours. nits produced were assigned the foliowing standard co Direct materiais ( 782,000 lbs $510 per lb) Direct labor (475,200 hrs. o 514 per hr) Factory overhead (475,200 hrs518 per w) Total standard cost 9088,200 652800 8,53,800 24,294800 Actual costs incurred during the current quarter follow Direct maperials 1 387000 bs. 0 $6.70 per ) Direct labor (369400 hrs$1160 per r Fwed fectory overheed costs Variable taciory overhead costs Total ectal costs 9.292,900 285.04O 3.466 700 s 20,241140