Ayayal Company produces one product, a potter calied CO. Putter. Ayayal uses astandard cost system and deterinines that it sheuld tahe onie hour of direct labor to produce one 60 . Putter. The norinat prodoction capacity for this pulter is 80,000 units per year. The total budgeted overhead at normal capsoty is $696,000 comprised of $206,000 of variable costs and 5488,000 of fised conts Ayayai applies overhead on the basls of direct laber hour: During the current year, Ayayal produced 76.000 putters, worked 75,200 direct labor hourh and incurred variabie overte ad costa of 5704.200 and fixed evertuead costs of \$4a0.000 Compute the predetermined variable overhead rate and the predetermined fored overhead rate-fround answers fa 2 dechnal places, eg. 275