Operating at a normal level of 30,000 direct labor-hours, Lasser Company produces 10,000 E11-4 units of product each period. The direct labor wage rate is $6 per hour. Two and one-half yards of direct materials go into each unit of product; the material costs $8.60 per yard. The flexible budget used to plan and control overhead costs is given below (in condensed form): Flexible Budget Data Cost Direct Labor-Hours Formula (per hour) 20,000 30,000 40,000 Variable costs $1.90 $ 38,000 $ 57,000 $ 76,000 Fixed costs.. 168,000 168,000 168,000 Total overhead costs $206,000 $225,000 $244,000 1. Using 30,000 direct labor-hours as the denominator activity, compute the predeter- Required mined overhead rate and break it down into variable and fixed elements. 2. Complete the standard cost card below for one unit of product: Direct materials, 2.5 yards at $8.60 $21.50 Direct labor, Variable overhead, ? Fixed overhead, ? Total standard cost per unit $