The Following Standard Costs Were Developed for One of Commodore

The following standard costs were developed for one of Commodore Company's products:
STANDARD COST CARD
PER UNIT $\begin{array}{llr}\text { Direct materials: } & 4 \text { pounds } \times £ 5 \text { per pound } & £ 20.00 \\\text { Direct labour: } & 1.5 \text { hours } \times £ 20 \text { per hour } & 30.00 \\\text { Variable overhead: } & £ 10 \text { per hour } & ?\end{array}$

Fixed overhead
Total standard cost per unit The following information is available regarding the company's operations for the period: $\begin{array}{ll}\text { Units produced } & 15,000 \\\text { Materials purchased } & 90,000 \text { pounds at } £ 3.60 \text { per pound } \\\text { Materials used } & 80,000 \text { pounds } \\\text { Direct labour } & 9,000 \text { hours at } £ 16.50 \text { per hour }\\\text { Overhead incurred: }\\\text { Variable } & £ 220,000 \\\text { Fixed } & £ 640,000\end{array}$ Budgeted fixed overhead for the period is £600,000, and expected capacity for the period is 20,000 direct labour hours.
a.Calculate the standard fixed overhead rate.
b.Complete the standard cost card for the product.