Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $4.80 per pound) Direct labor (6 hours @ $14 per hour) Variable overhead (6 hours @ $7 per hour) Fixed overhead (6 hours @ $12 per hour) Standard cost per unit $ 144.00 84.00 42.00 72.00 $ 342.00 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 66,000 units per quarter. The following additional information is available. Production (in units) Standard direct labor hours (6 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead Operating Levels 70% 46,200 277,200 80% 90% 52,800 316,800 59,400 356,400 $ 3,801,600 $ 1,940,400 $ 3,801,600 $ 2,217,600 $ 2,494,800 $ 3,801,600 During the current quarter, the company operated at 90% of capacity and produced 59,400 units; actual direct labor totaled 303,800 hours. Units produced were assigned the following standard costs. Direct materials (1,782,000 pounds @ $4.80 per pound) Direct labor (356,400 hours @ $14 per hour) Overhead (356,400 hours @ $19 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,522,000 pounds @ $7.30 per pound) Direct labor (303,800 hours @ $13.10 per hour) Fixed overhead Variable overhead Actual cost $ 8,553,600 4,989,600 6,771,600 $ 20,314,800 $ 11,110,600 3,979,780 2,336,900 2,637,700 $ 20,064,980