Required information Use the following information for the Problems below. [The following information applies to the questions displayed below. Trico Company set the following standard unit costs for its single product Direct materials (30 Ibs. $5.00 per Ib.) Direct labor (7 hrs. $14 per hr.) Factory overhead-variable (7 hrs. $7 per hr.) Factory overhead-fixed (7 hrs. s9 per hr.) Total standard cost $150.00 98.00 63.00 $360.00 The predetermined overhead rte is based on a planned operating volume of 80% of the productive capacity of 51,000 units per quarter. The following flexible budget information is available. Operating Levels Production in units Standard direct labor hours Budgeted overhead 70% 35,700 808 40, B00 908 45,900 321,300 249,900285,600 Fixed factory overhead Variable factory overhead$1,749,300 $1,999,200 $2,249,100 $2,570,400 $2,570,400 $2,570,400