Operating at a normal level of 30,000 direct labour-hours, Lasser Company produces 12,000 units of product each year. The direct labour wage rate is $15 per hour. Two and one-half yards of direct materials go into each unit of product; the material costs $17 .20 per yard. Variable manufacturing overhead should be $2 per standard direct labour-hour. Fixed manufacturing overhead should be $168,000 per period.

Required:
1. Using 30,000 direct labour-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:

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Direct materials, 2.5 yards at $17.20 per yard.. Direct labour, ?.. Variable manufacturing overhead, ? Fixed manufacturing overhead, ?. Total standard cost per unit.... $43 ?