Calculating Departmental Overhead Rates and Applying Overhead to Production At the beginning of the year, Glaser Company estimated the following: Assembly Department Testing Department $604,520 Total $1,112,520 Overhead $508,000 Direct labor hours 55,000 67,650 122,650 Machine hours 52,750 37,453 90,203 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 Testing Department Total Overhead $60,960 $72,542 $133,502 Direct labor hours 6,600 8,118 14,718 Machine hours 6,330 4,494 10,824 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 Overapplied 3. By how much has each department's Underapplied verapplied? Underapplied? Assembly department Testing department