Lasser Company plans to produce 20,000 units next perlod at a denominator activity of 60,000 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 $8.20 per yard. The company's budget Includes variable manufacturing overhead cost of $2.10 per direct labor-hour and fixed manufacturing overhead of $348,000 per period. Required: 1. Using 60,000 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 60,000 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 per DLH Variable element per DLH Fixed element per DLH Lasser Company plans to produce 20,000 units next perlod at a denominator activity of 60,000 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 $8.20 per yard. The company's budget Includes variable manufacturing overhead cost of $2.10 per direct labor-hour and fixed manufacturing overhead of $348,000 per period. Required: 1. Using 60,000 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 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.). (2) (1) x (2) Inputs (1) Standard Quantity or Hours 2 yards hours Standard Price or Standard Rate Cost Direct materials $ 3.20 per yard $ 16.40 per hour hours per hour Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit hours per hour