Great - Cut processes bags of frozen organic vegetables sold at specialty grocery stores. Great - Cut allocates manufacturing overhead based on direct labour hours. Great - Cut has projected total overhead for the year to be $735,000. Of this amount, $630,000 relates to fixed overhead expenses. Great - Cut expects to process 140,000 cases of frozen organic vegetables this year. The direct labour standard for each case is 15 minutes. Requirements 1. Compute the standard variable overhead rate. 2. Compute the fixed overhead rate. 3. Compute the standard total overhead rate. Requirement 1. Compute the standard variable overhead rate. Begin by determining the formula, then compute the standard variable overhead rate. Standard variable overhead rate Requirement 2. Compute the fixed overhead rate. Begin by determining the formula, then compute the fixed overhead rate. Standard fixed overhead rate 11 Requirement 3. Compute the standard total overhead rate. The standard total overhead rate is $ $735,000. Of this amount, $630,000 relates to fixed o Requirements 1. Compute the standard variable overhead rate. 2. Compute the fixed overhead rate. 3. Compute the standard total overhead rate. d overhead rate. Cases processed Fixed overhead | Labor standard per case Standard direct labour (hrs) Total overhead Variable overhead then compute the fixe Requirement 3. Compute the standard tota/ overhead rate The standard total overhead rate is $ Choose from any list or enter any number in the moutie Save for at Type here to search