Operating at a normal level of 30,000 direct labour-hours, Lasser Company produces 12,000 units of product each year. The direct labour wage rate is $15 per hour. Two and one-half yards of direct materials go into each unit of product; the material costs $17.20 per yard. Variable manufacturing overhead should be $2 per standard direct labour-hour. Fixed manufacturing overhead should be $168,000 per period.

Required:

1. Using 30,000 direct labour-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.)

2. Complete the standard cost card below for one unit of product: (Round your answers to 2 decimal places.)