Lasser Company plans to produce 26,000 units next period at a denominator activity of 78,000 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 standard material cost is $9.30 per yard. The company's budget includes variable manufacturing overhead cost of $2.20 per direct labor-hour and fixed manufacturing overhead of $374,400 per period. Required: 1. Using 78,000 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 78,000 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 Required 1 Required 2 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) (1) Standard Quantity or Hours Inputs Standard Price or Standard Rate Cost Direct materials 2 yards $9.3 per yard $ 18.60 Direct labor 3 hours per hour Variable manufacturing overhead 3 hours per hour Fixed manufacturing overhead 3 hours per hour Total standard cost per unit $ 18.60