The following information relates to Longman, Inc.'s overhead costs for the month: (Click the icon to view the information) Longman allocates manufacturing overhead to production based on standard direct labor hours. Compute the standard variable overhead allocation rate and the standard foxed overhead allocation rate. Select the formula, then enter the amounts and compute the standard variable overhead allocation rate. Standard variable overhead allocation rate Select the formula, then enter the amounts and compute the standard foed overhead allocation rate Standard fixed overhead allocation rate The following information relates to Longman, Inc.'s overhead costs for the month: (Click the icon to view the information.) Longman allocates manufacturing overhead to production based on standard direct labor hours. Compute the standard variable overhead allocation rate and the standard fixed overhead allocation rate. com Select the formula, then enter the amounts and compute the standard variable overhead allocation rate Standard variable overhead allocation rate ounts and compute the standard fixed overhead allocation rate Standard fixed overhead allocation rate Actual allocation base Actual fixed overhead Actual variable overhead Budgeted allocation base Budgeted foed overhead Budgeted variable overhead 0 0 tunng overriedu tu prUUULLUT UaseU U Sludiu UND IDDI T cation rate. er the amounts and 0 Data Table bn rate ter the amounts and $ $ Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units 7,700 3,300 1.100 hours 4,800 units Print Done