Lane Company manufactures a single product that requires a great deal of hand labor. Overhead cost is applied on the basis of standard direct labor-hours. Variable manufacturing overhead should be $4.80 per standard direct labor-hour and fixed manufacturing overhead should be $2,112,000 per year The company's product requires 4 pounds of material that has a standard cost of $10.00 per pound and 1.5 hours of direct labor time that has a standard rate of $13.40 per hour The company planned to operate at a denominator activity level of 240,000 direct labor-hours and to produce 160,000 units of product during the most recent year. Actual activity and costs for the year were as follows Number of units produced Actual direct labor-hours worked Actual variable manufacturing 192,000 312,000 $ 873,600 overhead cost incurred Actual fixed manufacturing overhead $ 2,184,000 cost incurred Required . Compute the predetermined overhead rate for the year. Break the rate down into variable and fixed elements. (Round your answers to 2 decimal places.) rate Variable rate Fixed rate per DLH per DLH per DLH