Trini Company set the following standard costs per unit for its single product. Direct materials (30 lbs. @ $4 per lb.) $120 Direct labor (5 hrs. $14 per hr.) 70 Variable overhead (5 hrs. @ $8 per hr.). 40 50 $280 Fixed overhead (5 hrs. $10 per hr.) Standard cost per unit 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 60,000 units per quarter. The following additional information is available. Page 885 Production (in units) 70% 42,000 units Capacity Level 80% 48,000 units 90% 54,000 units Standard direct labor hours (5 DLH/unit) 210,000 hrs. 240,000 hrs. 270,000 hrs. Budgeted overhead (flexible budget) Fixed overhead Variable overhead $2,400,000 $1,680,000 $2,400,000 $1,920,000 $2,400,000 $2,160,000 During the current quarter, the company operated at 90% of capacity and produced 54,000 units; actual direct labor totaled 265,000 hours. Units produced were assigned the following standard costs.