Lasser Company plans to produce 16,000 units next period at a denominator activity of 48,000 direct labor-hours. The direct labor wage rate is $12.00 per hour. The company's standards allow 2 yards of direct materials for each unit of product; the material costs $8.90 per yard. The company's budget includes variable manufacturing overhead cost of $1.90 per direct labor-hour and fixed manufacturing overhead of $278,400 per period. Required: 1. Using 48,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using 48,000 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 Required 1 Required 2 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.) Inputs (1) Standard Quantity or Hours 2 yards hours Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit (2) (1) x (2) Standard Price Standard or Rate Cost $8.9 per yard $ 17.80 per hour per hour hours hours per hour