RESOURCES tomework a 5-3 5-5 5-6 Exercise 25-12 (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 2 of direct labor to produce one GO-Putter. The normal production capacity Part for this putter is 125,000 units per year. The total budgeted overhead at mission) normal capacity is $812,500 comprised of 312,500 of variable costs and $500,000 of fixed costs. Byrd applies overhead on the basis of lts by Studydirect labor hours. During the current year, Byrd produced 88,100 putters, worked 87,700 direct labor hours, and incurred variable overhead costs of $ 143,163 and fixed overhead costs of 512,650 Your answer is correcr