unanis management. 58-9 Computing standard overhead allocation rates The following information relates to Smithson, Inc.'s overhead costs for the month: Learning Obi Static budget variable overhead Static budget fixed overhead Static budget direct labor hours Static budget number of units $8,400 $3,600 1,200 hours 4,800 units Smithson 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