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Trico Company set the following standard unit costs for its single product.

Direct materials (30 Ibs. @ $5.10 per Ib.) $ 153.00

Direct labor (8 hrs. @ $14 per hr.) 112.00

Factory overhead?Variable (8 hrs. @ $6 per hr.) 48.00

Factory overhead?Fixed (8 hrs. @ $12 per hr.) 96.00

Total standard cost $ 409.00

The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 52,000 units per quarter. The following flexible budget information is available.

Operating Levels 70% 80% 90%

Production in units 36,400 41,600 46,800

Standard direct labor hours 291,200 332,800 374,400

Budgeted overhead

Fixed factory overhead $ 3,993,600 $ 3,993,600 $ 3,993,600

Variable factory overhead $ 1,747,200 $ 1,996,800 $ 2,246,400

During the current quarter, the company operated at 90% of capacity and produced 46,800 units of product; actual direct labor totaled 370,400 hours. Units produced were assigned the following standard costs.

Direct materials (1,404,000 Ibs. @ $5.10 per Ib.) $ 7,160,400

Direct labor (374,400 hrs. @ $14 per hr.) 5,241,600

Factory overhead (374,400 hrs. @ $18 per hr.) 6,739,200

Total standard cost $ 19,141,200

Actual costs incurred during the current quarter follow.

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