1 pts D Question 4 Wynaut Company has two departments: Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine hours, and the Finishing Department bases its rate on direct labor hours. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct labor hours (DLHs) 6.000 30,000 48,000 5,000 Machine hours (MHs) P264,000 P360,000 Fixed MOH Variable MOH per MH P 4.00 P 40.00 Variable MOH per DLH Note: Total estimated manufacturing overhead = Fixed MOH + Variable MOH The job cost sheet of Job 503, which was started and completed during the year, showed the following: Department Cutting Finishing Direct labor hours (DLHs) 6 20 80 4 Machine hours (MHs) Direct materials P 600 P 410 P 216 P 720 Direct labor cost The predetermined overhead rate for the FINISHING Department was P