Trini Company set the following standard costs per unit for its single product $4.90 per pound) Direct materials (30 pounds Direct labor (4 hours $16 per hour) Variable overhead (4 hours $6 per hour) Fixed overhead (4 hours $10 per hour) Standard cost per unit $ 147.00 64.00 24.00 40.00 $ 275.00 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 67,000 units per quarter. The following additional information is available. Production (in units) Standard direct labor hours (4 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead Operating Levels 70% 46,900 187,600 80% 901 53,600 214,400 60,300 241,200 $ 2,144,000 $ 2,144,000 $2,144,000 $ 1,125,600 $ 1,286,400 $ 1,447,200 During the current quarter, the company operated at 90% of capacity and produced 60,300 units; actual direct labor totaled 184,800 hours. Units produced were assigned the following standard costs. Direct materials (1,809,000 pounds $4.90 per pound) Direct labor (241,200 hours $16 per hour) Overhead (241,200 hours $16 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,413,000 pounds $7.70 per pound) Direct labor (184,800 hours e $11.10 per hour) Fixed overhead Variable overhead Actual cost $ 8,864,100 3,859,200 3,859,200 $ 16,582,500 $ 10,880,100 2,051,280 1,318,400 1,732,600 $ 15,982,380 < Prev 6 of 6 Next >