Byrd Company produces one product, a putter called GO$-$Putter. Byrd uses 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 is $100,000$ units per year. The total budgeted overhead at normal capacity is $$850,000$ comprised of $$250,000$ of variable costs and $$600,000$ of fixed costs. Byrd applies overhead on the basis of direct labor hours.

During the current year, Byrd produced $95,000$ putters, worked $94,000$ direct labor hours, and incurred variable overhead costs of $$256,000$ and fixed overhead costs of $$600,000.$

$($a$)$

Your answer is correct.

Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. $($Round answers to $2$ decimal places, e$.$g$.2\mathrm{.}75.)$

$\backslash$table$[[,$Variable,Fixed$],[$Predetermined Overhead Rat,$$,$$