A) Predetermined overhead rate: Variable- Fixed -

B) Overhead Applied:

C) Total Overhead Variance:

Exercise 11-12 (Part Level Submission) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that It should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 110,000 units per year. The total budgeted overhead at normal capacity is 990,000 comprised of 330,000 of variable costs and $660,000 of fixed costs. Byrd applies overnead on the basis of direct labor hours. During the current year, Byrd produced 85,400 putters, worked 92,800 direct labor hours, and incurred varlable overhead costs of $192,150 and fixed overhead costs of $718,600, (a) Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. (Round answers to 2 decimai places, e.g. 2.75.) Fixed Variable Predetermined Overhead Rate