Metlock Company produces one product, a putter called GO Putter, Metlock uses a standard cost system and determines that it should take one hour of direct labor to produce one GO Putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $900,000 comprised of $300.000 of variable costs and 5600,000 of foed costs Metlock applies overhead on the basis of direct labor hours During the current year, Metlock produced 72.700 putters, worked 82.300 direct labor hours, and incurred variable overhead costs of $130,860 and foed overhead costs of $600,300. (a) Your answer is correct Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. Round answers to 2 decimal places. 5. 275) Variable Fixed Predetermined Overhead Rate e Textbook and Media Attempts: 1 of 3 used (b) * Your answer is incorrect Compute the applied overhead for Metlock for the year Overhead Applied $ 5996