The standard cost card for the single product manufactured by Cutter, Inc., is given below Standard Cost Card--per Unit Direct materials, 4.0 yards at $6.00 per yard Direct labor, .7 hours at $16.00 per hour Variable overhead, .7 hours at $2.00 per hour Fixed overhead, .7 hours at $5.50 per hour $ 24.00 11.20 1.40 3.85 Total standard cost per unit $ 40.45 Manufacturing overhead is applied to production on the basis of standard direct labor-hours. During the year, the company worked 9,300 hours and manufactured 13,000 units of product. Selected data relati the company's fixed manufacturing overhead cost for the year are shown below Actual Fixed Overhead Fixed Overhead Applied to Work in Process Budgeted Fixed Overhead ?hours $ ? per hour $45,000 Budget variance, S? | Volume variance, $6,050 F Required: 1. What were the standard hours allowed for the year's production? (Round "Standard hours per unit 1 decimal place.) Standard-hours Total produced last year Standard hours per unit Standard-hours units DLH per unit 2. What was the amount of budgeted fixed overhead cost for the year? Budgeted fixed overhead cost