Calculating Departmental Overhead Rates Using Post-Allocation Costs Valron Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly. overhead rate is based on normal activity of 85,000 machine hours. The Assembly Department overhead rate is based on normal activity of 180,000 direct labor hours. Job 316 required eight machine hours in Fabricating and three direct labor hours in Assembly. Total direct materials cost $100, and total direct labor cost was $90. Required: rounded values for subsequent calculations. 2. Using the overhead rates calculated in Requirement 1, calculate the cost of Job 316. If required, round your answer to the nearest cent. required, round your answer to the nearest cent