Crucible Steel Company supplies structural steel products to the Requirements construction industry Its plant has three production departments (a) suppose that a plantwide cost driver rate is computed by cutting, grinding, and drilling. The estimated overhead costs and dividing plantwide overhead costs by plantwide practical practical capacity direct labor hours and machine hours for each capacity direct labor hours. Determine the overhead c department for the current year follow: applied to job ST101 (b) Determine the departmental cost driver rates and overhead (Click the icon to view the estimated data.) costs applied to job ST101 if machine hours are used as the cost driver in the cutting department and direct labor hours Job ST101 consumed the following direct labor and machine are used as the cost driver for the grinding and d hours ng departments Click the icon to view the job ST101 data. (c) Explain why Crucible Steel might prefer a plantwide rate or departmental cost driver rates Requirement (a) Suppose that a plantwide cost driver rate is computed by dividing p overhead costs by plantwide practical capacity direct labor hours. Determine the overhead cost applied to job ST101. (Round the cost driver rate to the nearest cent and your answer to the nearest dollar.) The overhead cost a pplied to job ST101 is Data Table Data Table Cutting Grinding ng Cutting Grinding ng 3,600,000 Overhead cost 468,000 1,950,000 Direct labor hours 3,100 1,500 3,500 80,000 Estimated direct labor hours 150,000 75.000 Machine hours 18,000 3,600 1,700 Estimated machine hours 975,000 340,000 220,000 Print Done Print Done