D Question 5 1 pts Wynaut Company has two departments: Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine hours, and the Finishing Department bases its rate on direct labor hours. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct labor hours (DLHs) 6,000 30,000 Machine hours (MHs) 48,000 5,000 Fixed MOH P264,000 P360,000 Variable MOH per MH P 4.00 Variable MOH per DLH P 40.00 Note: Total estimated manufacturing overhead = Fixed MOH + Variable MOH The job cost sheet of Job 503, which was started and completed during the year, showed the following: Department Cutting Finishing Direct labor hours (DLHs) 6 20 Machine hours (MHs) 80 4 Direct materials P 600 P 410 Direct labor cost P 216 P 720 The TOTAL MANUFACTURING OVERHEAD cost assigned to Job 503 was P