Required information Use the following information for the Problems below. [The following information applies to the questions displayed belowj Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $4 per Ib.) Direct labor (5 hrs. @ $14 per hr.) Factory overhead-variable (5 hrs. @ $8 per hr.) Factory overhead-fixed (5 hrs. @ $10 per hr.) Total standard cost $120.00 70.00 40.00 50.00 $280.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 42,000 48,000 Production in units 90% 54,000 Standardna Prev 1 of 1 Next Required information Use the following information for the Problems below. [The following information applies to the questions displayed belowj Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $4 per Ib.) Direct labor (5 hrs. @ $14 per hr.) Factory overhead-variable (5 hrs. @ $8 per hr.) Factory overhead-fixed (5 hrs. @ $10 per hr.) Total standard cost $120.00 70.00 40.00 50.00 $280.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 42,000 48,000 Production in units 90% 54,000 Standardna Prev 1 of 1 Next