2 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 Cutting Finishing 5 points As Print Deferences Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: 6,000 48,000 30,000 5,000 $264,000 $ 366,000 $ 1. Compute the predetermined overhead rate for each department 2.00 $ 4.00 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 20 Machine-hours 80 4 Direct materials $500 $310 Direct labor cost $108 $360 to.mheducation.com/ext/map/index.html?_con-con&external browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/act 3-Ci Saved Help S Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to J 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 this question by entering your answers in Lie tabs below. Required 1 Required 2 Required 3 Compute the predetermined overhead rate for each department. (Round your answers to 2 decimal places.) Department nces Cutting Finishing Predetermined overhead rate per MH per DLH Required 2 ezto.mheducation.com/ext/map/index.html?_con-coh&external Saved Help Save & & 3-C 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 amours 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 this question by entering your answers in the tabs below. Book Required 1 Required Required 3 Ask Print ferences Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. (Round intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.) Total manufacturing cost Saved Help 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 labur-hours, rather than using departmental rates? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 31 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? OYes ONO