Lasser Company plans to produce 22,000 units next period at a denominator activity of 66,000 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 standard material cost is $7.80 per yard. The company's budget includes variable manufacturing overhead cost of $2.30 per direct labor-hour and fixed manufacturing overhead of $369,600 per period. Required: 1. Using 66,000 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 66,000 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.) I per DLH Predetermined overhead rate Variable element per DLH Fixed element per DLH Lasser Company plans to produce 22,000 units next period at a denominator activity of 66,000 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 standard material cost is $7.80 per yard. The company's budget includes variable manufacturing overhead cost of $2.30 per direct labor-hour and fixed manufacturing overhead of $369,600 per period. Required: 1. Using 66.000 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 Standard Price or Standard Rate Cost Direct materials $7.8 per yard $ 15.60 Direct labor hours per hour hours per hour Variable manufacturing overhead Fixed manufacturing overhead hours per hour Total standard cost per unit Lasser Company plans to produce 22,000 units next period at a denominator activity of 66,000 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 standard material cost is $7.80 per yard. The company's budget includes variable manufacturing overhead cost of $2.30 per direct labor-hour and fixed manufacturing overhead of $369,600 per period. Required: 1. Using 66.000 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 Standard Price or Standard Rate Cost Direct materials $7.8 per yard $ 15.60 Direct labor hours per hour hours per hour Variable manufacturing overhead Fixed manufacturing overhead hours per hour Total standard cost per unit
