Exercise 23-12 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 110,000 units per year. The total budgeted overhead at normal capacity is $990,000 comprised of $330,000 of variable costs and $660,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced 85,400 putters, worked 92,800 direct labor hours, and incurred variable overhead costs of $192,150 and fixed overhead costs of $718,600 Your answer is incorrect. Try again. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. (Round answers to2 decimal places, e.g. 2.75 Variable Fixed Predetermined Overhead Rate 3.30 LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS Your answer is incorrect. Try again. Compute the applied overhead for Byrd for the year Overhead Applied 845,460 LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS Your answer is partially correct. Try again. Compute the total overhead variance. Total Overhead Variance 65,290 Click if you would like to Show Work for this question: Open Show Work