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 $5.00 per standard direct labor-hour and fixed manufacturing overhead should be $2,295,000 per year.

The companys product requires 4 pounds of material that has a standard cost of $10.50 per pound and 1.5 hours of direct labor time that has a standard rate of $13.50 per hour.

The company planned to operate at a denominator activity level of 255,000 direct labor-hours and to produce 170,000 units of product during the most recent year. Actual activity and costs for the year were as follows:

Number of units produced	204,000
Actual direct labor-hours worked	331,500
Actual variable manufacturing overhead cost incurred	$ 961,350
Actual fixed manufacturing overhead cost incurred	$ 2,652,000

3a.	Compute the standard direct labor-hours allowed for the years production.

Standard Direct Labor Hours______

Required: 1. Compute the predetermined overhead rate for the year. Break the rate down into variable and fixed elements. (Round your answers to 2 decimal places.) Predetermined overhead per DLH rate per DLH Variable rate Fixed rate per DLH 2. Prepare a standard cost card for the company's product. (Round your answers to 2 decimal places.) Direct materials pounds at per pound Direct labor DLHs at per DLH per DLH Variable overhead DLHs at Fixed overhead DLHs at per DLH Standard cost per unit