5 value 1.00 points High Desert Potteryworks makes a variety of pottery products that it sells to retailers such as Home Depot. The company uses a job-order costing system in which predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor- hours. At the beginning of the year, the company's management made the following estimates Department Painting 53,500 31,000 $185,000 $195,000 $270,000 $526,000 $215,000 $460,100 Molding Direct labor-hours Machine-hours Direct materials cost Direct labor cost Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor- 31,500 86,000 $3.00 $5.00 hour Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job Department Direct labor-hours Machine-hours Materials placed into production Direct labor cost Molding 78 350 $942 $690 Painting 129 68 $1,280 $970 Required 1. Compute the predetermined overhead rate used during the year in the Molding Department. Compute the rate used in the Painting Department. (Round your answers to 2 decimal places.) Predetermined overhead rate Molding Department Painting Department $5.50 per MH $13.60 per DLH 2. Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decimal places, other intermediate calculations and final answers to the nearest dollar amount.) Total overhead cost $3,679 3- What would be the total cost recorded for Job 205? (Round "Predetermined overhead rate" to 2