3 Department Cutting Finishing 8,600 82,000 69,700 2,300 $400,000 $502,000 $ 3.00 $ 3.75 Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 5 boints 03.55-18 Required: 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: eBook Direct labor-hours Machine-hours Direct materials Direct labor cost Department Cutting Finishing 4 14 83 4 $800 5370 $92 $322 References 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 1 Required 2 Required 3 Compute the predetermined overhead rate for each department. (Round your answers to 2 decimal places.) Department M Prey 3 FH1