3 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: D. pints Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Department Cutting Finishing 6,700 69,200 $4,000 3,100 $ 390,000 $ 452,000 etlook Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 3 3.00 $ 2.75 Print ferences 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 Department Cutting Finishing Direct labor-hours 6 16 Machine-hours 84 Direct materials $750 4 $380 Direct labor cost $144 $384