Required information Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Flexible Budget at 80% Capacity Actual Results Production (in units) 53,250 49,200 Overhead Variable overhead $ 292,875 Fixed overhead 53,250 Total overhead $ 346,125 $ 347,900 Exercise 21-17 (Algo) Computing standard overhead rate and total overhead variance LO P4 1. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 26