The following information relates to Morgan, Inc.'s overhead costs for the month: (Click the icon to view the information.) Morgan 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. 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 fixed overhead allocation rate. - Standard foxed overhead allocation rate Data Table $ $ Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units 7,800 3,900 1.300 hours 5,200 units Choose from any list or enter any number in the input fields Print Done