d cost is a on the basis of unit is 1.5 hours and the standard labor rate is $13.00 per hour. The company planned to operate at a denominator activity level of 180,000 direct labor-hours and to produce 120,000 units of product during the most recent year. Actual activity and costs for the year were as follows: 144,000 worked $ 561,600 ined overhead rate for the year. Break the rate down into variable and fixed elements. 2. Prepare a standard cost card for the company's product. 3b. Complete the following Manufacturing Overhead T-account for the year efficiency variances and the fixed overhead budget and volume variances rs a the reason for the underapplied or overapplied overhead from (3) above by computing the variable overhead rate and Req 38