Required information Use the following information for the Problems below. (Algo) Skip to question [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 @ $4.00 per pound) $ 120.00 Direct labor (7 hours @ $14 per hour) 98.00 Variable overhead (7 hours @ $7 per hour) 49.00 Fixed overhead (7 hours @ $11 per hour) 77.00 Standard cost per unit $ 344.00 Overhead is applied using