Assume a company started and completed numerous jobs during July-two of which were Job Y and Job Z The company uses two departmental predetermined overhead rates. The rate in the Machining Department is based on machine hours and the rate in the Assembly Department is based on direct labor hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and 2: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead por machine-bour Estimated variable manufacturing overhead per direct labor-hour Estimated total machine-hours to be used Estimated total direct labor hours to be worked Machining Assembly $ 48,000 $25,200 $ 1.50 $ 2.00 12,000 10,000 Machining Assembly Job Machine-hours 50 Direct labor-hours 30 Job Machine-hours 40 Direct labor-hours What is the predetermined overhead rate in the Assembly Department? Multiple Choice 14.12 1402 Multiple Choice $4.52 $4.02 $3.52 $5.02