Ch 21: Homework O 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 374,400 332,800 291,200 Saved Help Save 1.71 points Skipped eBook Ask print References Mc Graw Hill Direct materials (30 pounds @ $5.10 per pound) Direct labor (8 hours @ $14 per hour) Variable overhead (8 hours @ $6 per hour) Fixed overhead (8 hours @ $12 per hour) Standard cost per unit $ 153.00 112.00 48.00 96.00 $ 409.00 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 52,000 units per quarter. The following additional information is available. O eratin Production (in units ) Standard direct labor hours Budgeted overhead (flexible Fixed overhead Variable overhead (8 DLH/units) budget ) 36,400 $ 1,747,200 Levels 41,600 $ 3,993,600 $ 1,996,800 46,800 $ 3,993,600 $ 2,246,400 During the current quarter, the companypperated at 90% of capacity and produced 46,800 units; actual direct labor totaled 370,400 hours. Units produced were assigned the following standard costs. Direct materials (1,404,000 pounds @ $5.10 per Direct labor (374,400 hours @ $14 per hour) Overhead (374,400 hours @ $18 per hour) Standard (budgeted) cost Actual costs incurred during the current quarter follow. Direct materials (1,385,000 pounds @ $6.70 per Direct labor (370,400 hours @ $11. SO per hour) Fixed overhead Variable overhead Actual cost pound ) pound ) 6 ; 739,200 $ 19,141,200 4,259,600 $ 19,752,500 7 7 Next