Wymont Company produces a single product that requires a large amount of labor time. Overhead cost is applied on the basis of standard direct labor-hours. Variable manufacturing overhead should be $3.60 per standard direct labor-hour and fixed manufacturing overhead should be $1,140,000 per year.

The companys product requires 4 feet of direct material that has a standard cost of $7.00 per foot. The product requires 1.5 hours of direct labor time. The standard labor rate is $12.80 per hour.

During the year, the company had planned to operate at a denominator activity level of 150,000 direct labor-hours and to produce 100,000 units of product. Actual activity and costs for the year were as follows:

Number of units produced	120,000
Actual direct labor-hours worked	195,000
Actual variable manufacturing overhead cost incurred	$ 429,000
Actual fixed manufacturing overhead cost incurred	$ 1,170,000

Required:

1.

Compute the predetermined overhead rate for the year. Break the rate down into variable and fixed components. (Round your answers to 2 decimal places.)

2.	Compute the standard cost card for the companys product. (Round your answers to 2 decimal places.)

Predetermined overhead rate Variable rate Fixed rate per DLH per DLH per DLH