Sandhill Compary produces one product, a putter called GO-Putter. Sandhill uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 135.000 units per year. The total budgeted overhead at normal capacity is $742,500 comprised of $270,000 of variable costs and $472,500 of foxed costs. Sandhill applies overhead on the basis of direct labor hours. During the current year, Sandhill produced 83,200 putters, worked 84.500 direct labor hours, and incurred variable overhead costs of $291,520 and fuced overhead costs of $197,600. (a) Compute the predetermined variable overhead rate and the predetermined foed overhead rate. (Round anwwers to 2 decimal ploces es. 2.75