E13-7 Time allowed: 10 minutes Operating at a normal level of 30,000 direct labour-hours, Lasser Company produces 10,000 units of product each period. The direct labour wage rate is 6 per hour. Two-and-a-half metres of direct materials go into each unit of product; the material costs 8.60 per metre. The flexible budget used to plan and control manufacturing overhead costs is given below (in condensed form): Required 1 Using 30,000 direct labour-hours as the denominator activity, compute the predetermined overhead rate and break it down into variable and fixed elements. 2 Complete the standard cost card below for one unit of product