The Following Standard Costs Were Developed for One of the John

The following standard costs were developed for one of the John Miller Company's products:
STANDARD COST CARD PER UNIT
$\begin{array}{lr}\text { Materials: } 10 \text { kilograms } \times \$ 8 \text { per kilogram } & \$ 80.00 \\\text { Direct labour: } 3 \text { hours } \times \$ 32 \text { per hour } & 96.00 \\\text { Variable manufacturing overhead: } \$ 20 \text { per hour } & ? \\\text { Fixed manufacturing overhead } & ? \\\text { Total standard cost per unit } &?\end{array}$ The following information is available regarding the company's operations for the period:
$\begin{array}{ll}\text { Units produced: } & 15,000 \\\text { Materials purchased: } & 180,000 \text { kilograms } @ \$ 7.20 \text { per } \\& \text { kilogram } \\\text { Materials used: } & 160,000 \text { kilograms } \\\text { Direct labour: } & 18,000 \text { hours } @, \$ 37.00 \text { per hour }\end{array}$


$\begin{array}{ll}\text { Manufacturing overhead incurred: }\\\text { Variable } & \$ 880,000 \\\text { Fixed } & \$ 2.560 .000\end{array}$ Budgeted fixed manufacturing overhead for the period is $2,400,000,and expected capacity for the period is 40,000 direct labour hours.
a.Calculate the standard fixed manufacturing overhead rate.
b.Complete the standard cost card for the product.