BrambleCompany produces one product, a putter called GO-Putter.Brambleuses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is105,000units per year. The total budgeted overhead at normal capacity is $945,000comprised of $367,500of variable costs and $577,500of fixed costs.Brambleapplies overhead on the basis of direct labor hours.

During the current year,Brambleproduced72,600putters, worked86,400direct labor hours, and incurred variable overhead costs of $196,020and fixed overhead costs of $602,400.

Compute the predetermined variable overhead rate and the predetermined fixed overhead rate.(Round answers to 2 decimal places, e.g. 2.75.)