Lasser Company plans to produce 29,000 units next period at a denominator activity of 87,000 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 $7.90 per yard. The company's budget includes variable manufacturing overhead cost of $2.00 per direct labor-hour and fixed manufacturing overhead of $487,200 per period.

Required:

1. Using 87,000 direct labor-hours as the denominator activity, compute the predetermined overhead rate and break it down into variable and fixed elements.

Using 87,000 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

2. Complete the standard cost card below for one unit of product.

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)		(2)		(1) x (2)
Inputs	Standard Quantity or Hours		Standard Price or Rate		Standard Cost
Direct materials	2	yards	$7.90	per yard	$15.80
Direct labor		hours		per hour
Variable manufacturing overhead		hours		per hour
Fixed manufacturing overhead		hours		per hour
Total standard cost per unit