Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Required: 1. Compute the predetermined overhead rate for the year. Be sure to include the total budgeted fixcd overhead and the total budgetec vartable overhead in the numerator of your rate. (Round your answer to the nearest whole dollar amount.) 2. Compute the amount of overhead that would be applied to the output of the period. (Round your Intermediate calculations and final answer to the nearest whole dollar amount.) Lasser Company plans to produce 13,000 units next period at a denominator activity of 26,000 direct labor-hours. The direct labor: wage tate is $12. 00 per hour The company's standards allow 2 yards of direct materials for each unit of product: the standard material cost is $9.20 per yard. The company's budget includes variable manufacturing overhead cost of $2.00 per direct labor-hour and fined manufacturing overhead of $140,400 per period. Required: 1. Using 26,000 direct labor-hours as the denominator activily, compute the predetermined overhead fate 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. Using 26,000 direct labor-houry as the denominator activity, compute the predetermined overhead rate and break it down into veriable and fixed elements. (Round your answers to 2 decimal places.) variable and fixed elements. compinte the tondtrit cost card below for one unit of product. Complete this question by entering your answers in the tabs below. Using 26,000 direct labor-hours as the denominator activity, compute the predetermined overhead rate and break it down into Veriable and fixed nlements, (Round your arsewers to 2 decimal places.) Complete this question by entering your answers in the tabs below. 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.)