Flandro Company uses a standard cost system and sets its predetermined overhead rate on the basis of direct labor-hours. The following data are taken from the company's planning budget for the current year: Denominator activity (direct labor-hours) Variable manufacturing overhead cost Fixed manufacturing overhead cost $ 10,000 37,500 $ 64,500 Inputs: The standard cost card for the company's only product is given below. (1) Standard Quantity or Hours (2) Standard Price or Rate Standard Cost (1) (2) Direct materials 4 yards Direct labor 2 hours $2.55 per yard $ 8.50 per hour $ 10.20 17.00 Manufacturing overhead 2 hours $ 10.20 per hour 20.40 $ 47.60 Total standard cost per unit During the year, the company produced 5.200 units of product and incurred the following actual results: Materials purchased, 33,000 yards at $2.45 per yard Materials used in production (in yards) Direct labor cost incurred, 11,000 hours at $8.55 per hour Variable manufacturing overhead cost incurred. Fixed manufacturing overhead cost incurred Required: $ 80,850 21,450 $94,050 $ 38,950 $ 75,350 1. Create a new standard cost card that separates the variable manufacturing overhead per unit and the fixed manufacturing overhead per unit Met to question