Lasser Company plans to produce 13,000 units next period at a denominator activity of 52,000 direct labor-hours. The direct labor wage rate is $11.00 per hour. The company's standards allow 2 yards of direct materials for each unit of product; the material costs $8.00 per yard. The company's budget includes variable manufacturing overhead cost of $2.20 per direct labor-hour and fixed manufacturing overhead of $322,400 per period. Required 1. Using 52,000 direct labor-hours as the denominator activity, compute the predetermined overhead rate and break it down into variable and fixed elements 2. Complete the standard cost card below for one unit of product. Using 52,000 direct labor-hours as the denominator activity, compute the predetermined overhead rate and break it down into variable and fixed elements. (Round your answers to 2 decimal places.) Predetermined overhead rate Variable element Fixed element per DLH per DLH per DLH Complete the standard cost card below for one unit of product: (Except standard hours, round your intermediate calculations and final answers to 2 decimal places.) Standard Quantity or Hours Standard Price or Standard Inputs Direct materials Direct labor Variable manufacturing Rate Cost 2 yardsS 8.00 per yard16.00 hours hours hours per hour per hour per hour overhead Fixed manufacturing overheacd Total standard cost per unit $ 16.00