7 4 points 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 Direct labor-hours 6,000 30,000 Machine-hours 48.000 5,000 Total fixed manufacturing overhead cost $ 264,000 5 366,000 Variable manufacturing overhead per machine-hour 2.00 Variable manufacturing overhead per direct labor-hour 4.80 eBook AR Print References 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 20 Machine-hours Be 4 Direct materials $500 $310 Direct labor cost $108 $360 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? Next omolete the question by enterina vour answers in the tabe oiven below