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1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year,
1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing Direct labor-hours 6 15 Machine-hours 82 4 Direct materials $ 780 $ 380 Direct labor cost $ 144 $ 360 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates
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