Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds $5.00 per pound) Direct labor (7 hours $14 per hour) Variable overhead (7 hours @ $7 per hour) Fixed overhead (7 hours @ $9 per hour) Standard cost per unit $150.00 98.00 49.00 63.00 $ 360.00 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 61,000 units per quarter. The following additional information is available. Production (in units) Standard direct labor hours (7 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead 70% 42,700 238,900 Operating Levels 80% 90% 45,500 341,600 54,900 384,300 $ 3,074,400 $2,092,300 $ 3,074,400 $2,391,200 $ 3,074,400 $ 2,690,100 During the current quarter, the company operated at 90% of capacity and produced 54,900 units, actual direct labor totaled 316,300 hours. Units produced were assigned the following standard costs. Direct materials (1,647,000 pounds @ $5.00 per pound) Direct labor (384,300 hours $14 per hour) Overhead (384,300 hours $16 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow Direct materials (1,364,000 pounds @ $7.80 per pound) $ 8,235,000 5,380,200 6,148,800 $ 19,764,000 $ 10,639,200