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Lasser Company plans to produce 25,000 units next period at a denominator activity of 75,000 direct labor-hours. The direct labor wage rate is $11.00 per hour . The company's standards allow 2 yards of direct materials for each unit of product; the material costs $8.10 per yard. The company's budget includes variable manufacturing overhead cost of $1.50 per direct labor-hour and fixed manufacturing overhead of $412,500 per period. Required: 1. Using 75,000 direct labor-hours as the denominator activity, compute the predetermined overhead rate and break it down into variable and fixed elements. 2. Complete the standard cost card below for one unit of product. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using 75,000 direct labor-hours as the denominator activity, compute the predetermined overhead rate and break it down into variable and fixed elements. (Round your answers to 2 decimal places.) per DLH Predetermined overbond rate Variable element Fixed element per DLH per DLH Required 1 Required 2 Complete the standard cost cord below for one unit of product: (Except standard hours, round your intermediate calculations and final answers to 2 decimal places.) (1) (2) (1) (2) Standard Standard Price or Standard Inputs Quantity or Rate Hours Cost Direct materials 2 yards $ 8 10 per yard $ 1620 Direct labor hours per hour Variable manufacturing overtad hours per hour Fixed manufacturing overhead hours Total standard cont per unit per hour

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