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Lasser Company plans to produce 26,000 units next period at a denominator activity of 52,000 direct labor hours. The direct labor wage rate is $11.00 per hour. The company's standards allow 2 yards of direct materials for each unit of product; the material costs $8.30 per yard. The company's budget includes variable manufacturing overhead cost of $2.30 per direct labor-hour and fixed manufacturing overhead of $244,400 per period. Required: 1. Using 52,000 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 $2,000 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 Variable element Fixed element per DLH per DLH per DLH Required 2 > apter 10/0A 6 Lasser Company plans to produce 26,000 units next period at a denominator activity of 52,00 wage rate is $11.00 per hour. The company's standards allow 2 yards of direct materials for eac $8.30 per yard. The company's budget includes variable manufacturing overhead cost of $2.3 manufacturing overhead of $244.400 per period. Required: 1. Using 52,000 direct labor-hours as the denominator activity, compute the predetermined ove 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 Complete the standard cost card below for one unit of product: (Except standard hours, round you and final answers to 2 decimal places.) Inputs (2) (1) x (2) Standard Price or Standard Rate Cost Standard Quantity or Hours 2 yards hours $ 8.30 per yard $ 16.60 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit hours per hour per hour per hour hours