Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Glaser Company estimated the following: Overhead Direct labor hours Machine hours Assembly Department Testing Department Total $554,000 141,500 109,000 $631,560 $1,185,560 99,050 56,680 240,550 165,680 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: Assembly Department Overhead $49,860 Testing Department $56,840 Total $106,700 Direct labor hours Machine hours 12,735 9,810 8,915 21,650 5,101 14,911 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 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? Under applied Assembly department Testing department