Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds Direct labor (8 hours $15 Variable overhead (8 hours $5.10 per pound) per hour) $6 per hour) Fixed overhead (8 hours $9 per hour). Standard cost per unit $ 153.00 120.00 48.00 72.00 $ 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. Production (in units) Standard direct labor hours (8 DLH/unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead 70 45,500 364,000 $3,744,000 $ 2,184,000 Operating Levels 90% 58,500 468,000 80% 52,000 416,000 $3,744,000 $ 2,496,000 $ 3,744,000 $2,808,000 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 Actual costs incurred during the current quarter follow. Direct materials (1,741,000 pounds @ $7.00 per pound) Direct labor (465,000 hours $11.50 per hour). Fixed overhead Variable overhead Actual cost $ 8,950,500 7,020,000 7,020,000 $ 22,990,500 $ 12,187,000 5,347,500 3,315,800 3,104,200 $ 23,954,500