Exercise 23-12 (Part Level Submission) 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 105,000 units per year. The total budgeted overhead at normal capacity is $945,,000 comprised of $420,000 of variable costs and $525,000 of fxed costs. Byrd apples overhead one the basis of direct labor hours During the current year, Byrd produced 80,100 putters, worked 83,600 direct labor hours, and incurred variable overhead costs of $144,,180 and foxed overhead costs of $660,900. v (a) Compute the predetermined variable overhead rate and the predetermined flxed overhead rate. (Round answers to 2 decimal places, a.g. 2.75.) Variable Fixed Predetermined Overhead Rate Compute the applied overhead for Byrd for the year. Total Overhead Variance