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 120,000 units per year. The total budgeted overhead at normal capacity is exist 1, 080,000 comprised of exist 420,000 of variable costs and exist 660,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced 74,000 putters, worked 98, 300 direct labor hours, and incurred variable overhead costs of exist 133, 200 and fixed overhead costs of exist612,000. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. (Round answers to 2 decimal places, e.g. 2.75.)