Exercise 2-13 (Algo) Departmental Predetermined Overhead Rates [L02-1, L02-2, L02-4] White Company has two departments, Cutting and Finishing. The company uses ajob-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machinehours, 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 laborhours 8,300 80,000 Machinehours 57,800 1,200 Total fixed manufacturing overhead cost $ 380,000 $ 416,000 Variable manufacturing overhead per machinehour $ 3.00 Variable manufacturing overhead per direct laborhour $ 4.75 Required: 1. Compute the predetermined overhead rate for each department. 2. Thejob cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing Direct laborhours 4 11 Machinehours 83 4 Direct materials $ 710 $ 360 Direct labor cost $ 84 $ 231 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to somejobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates? Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Compute the predetermined overhead rate for each department. (Round your answers to 2 decimal places.) Cutting Department Finishing Department ' per DLH Required 2 > Predetemiined overhead rate per MH Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. (Round your intermediate calculations and final answer to 2 decimal places.) Total manufacturing cost Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates? OYes ONO