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 is105,000units per year. The total budgeted overhead at normal capacity is $997,500comprised of $367,500of variable costs and $630,000of fixed costs. Byrd applies overhead on the basis of direct labor hours.

During the current year, Byrd produced70,100putters, worked96,600direct labor hours, and incurred variable overhead costs of $133,190and fixed overhead costs of $612,950.

Compute the applied overhead for Byrd for the year. Compute the predetermined variable overhead rate and the predetermined fixed overhead Compute the total overhead variance rate.(Round answers to 2 decimal places, e.g. 2.75.)