1. Define and explain the meaning of a predetermined manufacturing overhead rate that is applied in a job order costing system. ting 2. What are the advantages and disadvantages of using the cost of each print as a manufacturing overhead cost driver? 3. Using the information in Illustrations CA 1-1 and CA 1-2, compute and interpret the predetermined manufacturing overhead rate for Wall Dcor. 4. Compute the product cost for the following three items. (a) Lance Armstrong unframed print (base cost of print $12). (b) John Elway print in steel frame, no mat (base cost of print $16). (c) Lambeau Field print in wood frame with mat (base cost of print $20). joy ou