Watson allocates manufacturing overhead to production based on standard direct labor hours. Compute the standard variable overnead allocation rate and the standard fixed overhead allocation rate. formula, then enter the amouts and oompute the standard variable overhead allocation rate. Select Standard variable overhead allocation rate Select formula, then enter the amounts and compute the standard fixed overhead allocation rate. Standard fixed overhead allocation rate Data Table S 7,500 Static budget variable overhead S 3,000 Static budget fixed overhead Static budget direct labor hours 1,500 hours Static budget number of units 5,200 units Drint Done