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 $714,000 136,000 113,750 $664,020 $1,378,020 130,560 86,450 266,560 200,200 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: Overhead Assembly Department $57,120 Testing Department $53,122 Total $110,242 Direct labor hours 10,880 10,445 21,325 Machine hours 9,100 6,916 16,016 Required: 1. Calculate the predetermined overhead rates for the assembly and testing departments. Round your answers to the nearest cent Assembly department overhead rate i 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? Underapplied? Assembly department Testing department