Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Glaser Company estimated the following: Assembly Department Testing Department Total Overhead $723,000 $838,680 $1,561,680 Direct labor hours 62,500 71,875 134,375 Machine hours 85,750 67,743 153,493 Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labor hours. In the testing department, ov applied on the basis of machine hours. Actual data for the month of March are as follows: Assembly Department Testing Department Total Overhead $57,840 $67,094 $124,934 Direct labor hours 5,000 5,750 10,750 Machine hours 6,860 5,419 12,279 Required: 1. Calculate the predetermined overhead rates for the assembly and testing departments. Round your answers to the nearest cent. Assembly department overhead rate per direct labor hour per machine hour Testing department overhead rate Sachines 65,750 155595 Slaser 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: Assembly Department Testing Department Total Overhead $57,840 $67,094 $124,934 Direct labor hours 5,000 5,750 10,750 Machine hours 6,860 5,419 12,279 Required: 1. Calculate the predetermined overhead rates for the assembly and testing departments. Round your answers to the nearest cent. Assembly department overhead rate per direct labor hour Testing department overhead rate 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 veracolled? Undersoed? Assembly department Testing department