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Your answer is correct. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. (Round answers to 2 decimal places, e.s. 2.75.) eTextbook and Media Attempts: 2 of 3 use b) Compute the applied overhead for Sandhill for the year. Sandhill Company produces one product, a putter called GO-Putter. Sandhill 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 135,000 units per year. The total budgeted overhead at normal capacity is $742,500 comprised of $270,000 of variable costs and $472,500 of fixed costs. Sandhill applies overhead on the basis of direct labor hours. During the current year, Sandhill produced 83,200 putters, worked 84,500 direct labor hours, and incurred variable overhead costs of $291,520 and fixed overhead costs of $197,600