4) Gerak Corporation has two production departments, Forming and Assembly. The company uses a job order costing system and computes a predetermined overhead role in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Forming Assembly Machine-hours Direct labor-hours Total Assembly department ovechend 16,000 2.000 11.000 7,000 $98.000 Total Forming department overhead $128,000 During the current month the company started and finished Job X560. The following data were recorded for this job: Job X560 Forming Assembly Machine-hours 50 30 Direct labor-hours 30 40 Required: a. Calculate the predetermined overhead rate for the Assembly Department. b. Calculate the predetermined overhead rate for the Forming Department. c. Calculate the total amount of overhead applied to Job X560. Version 1 3