d. It is closed out to Cost of Goods Sold. The Sky Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labour costs in Department A and on machine hours in Department B. At the beginning of the year, the combanv made the followino estimates: What predetermined overhead rates would be used in Departments A and B, respectively? a. 50% and $5.00 b. 250% and $8.00 c. 200% and $5.00 d. 110% and $15.00