Calculating Departmental Overhead Rates and Applying Overead to Production At the beginning of the year, Glaser Company estimated the following: Assembly Department $539,000 123,500 Testing Department $506,660 107,445 Total Overhead Direct labor hours Machine hours Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labor hours. In the testing department, overhead is applied on the basis of machine hours. Actual data for the month of March are as follows $1,045,660 230,945 146,475 94,500 51,975 Assembly Department $80,850 18,525 14,175 Testing Department $75,999 16,117 Total Overhead Direct labor hours Machine hours Required: 1. Calculate the predetermined overhead rates for the assembly and testing departments. Round your answers to the nearest cent Assembly department overhead rate Testing department overhead rate $156,849 34,642 21,971 7,796 per direct labor hour per machine hour 2. Calculate the overhead applied to production in each department for the month of March. If required, round your answers to nearest whole value Assembly department Testing department 3. By how much has each department's overhead been overapplied? Underapplied? Assembly department Testing department