Lasser Company plans to produce 24,000 units next period at a denominator activity of 72,000 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 $1.80 per direct labor-hour and fixed manufacturing overhead of $417,600 per period. Required: 1. Using 72,000 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. Required: 1. Using 72,000 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 incos Using 72,000 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 rang per DLH Variable element Fixed element 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.) (1) (1) (2) Standard Standard Price or Standard Inputs Quantity or Rate Hours Cost Direct materials 2 yards $ 8.90 per yard $ 17.80 Direct labor hours per hour Variable manufacturing overhead hours Fixed manufacturing overhead hours per hour Total standard cost per unit per hour