13 2 phints Mc Return to question 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: 02:40:54 Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable nanufacturing overhead per sachine-hour Variable manufacturing overhead per direct labor-hour Required: 1. Compute the predetermined overhead rate for each department. Department Cutting 9,000 58,400 5370,000 $3.00 Finishing 18,000 3,700 $ 413,000 0 $4.75 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following Graw Direct labor-hours Machine-hours Direct materials Direct labor cost Department Cutting Finishing 5 13 81 5 $710 $100 $300 5268 Using the predetermined overhead rates that you computed in requirement (0, compute the total manufacturing cost assioned to Job 203 < Prev 2 of B Next >>