10 Doints White 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 01 Direct labor-hours Hachine-bou Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: $400,000 Cutting 7,300 60,700 Finishing 69,000 3,300 104,000 33.00 53.95 Auferences 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 Cutting Finishing Dieses Labor-hours Disses materials Machine-hour Birect labor wosk 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 overheed rate based on direct labor-hours, rather than using departmental rates? Complete the question by entering your answers in the tabs given below. Compute the predetermined overhead rute for each department. (Round your answers to 2 decimal places.) Finishing Department OLH Pedelamined overhead le Cutting Department per M References Direct labor-hours Machine-hours) Direct materials Direct labor cost Department Cutting Finishing 5 19 89 5 $720 $125 $300 $475 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? Complete the question by entering your answers in the tabs given below. Required Required 2 Required 3 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. (Round your intermediate calculations and final answer to 2 decimal places.) Tut marwfecturing cost References Direct labor-hours Machine-hours Direct materials Direct labor cost Cutting Finishing 5 19 89 5 $ 720 $125 $380 $475 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Ja 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? Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Would you expect substantially different amounts of overfead 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? Yes No