Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $5.10 per pound) Direct labor (8 hours $15 per hour) Variable overhead (8 hours @ $6 per hour) $153.00 120.00 48.00 72.00 Fixed overhead (8 hours @ $9 per hour) Standard cost per unit $ 393.00 Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 65,000 units per quarter. The following additional information is available. 70% Operating Levels 80% 90% Production (in units) Standard direct labor hours (8 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead 45,500 364,000 $3,744,000 $ 2,184,000 52,000 416,000 $3,744,000 $ 2,496,000 58,500 468,000 $3,744,000 $ 2,008,000 During the current quarter, the company operated at 90% of capacity and produced 58,500 units; actual direct labor totaled 465,000 hours. Units produced were assigned the following standard costs. Direct materials (1,755,000 pounds @$5.10 per pound) Direct labor (468,000 hours @ $15 per hour), Overhead (468,000 hours @$15 per hour) Standard (budgeted) cost $ 8,950,500 7,020,000 7,020,000 $ 22,990,500