Exercise 2-13 Departmental Predetermined Overhead Rates [LO2-1, LO2-2, LO2-4) White 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 Department bases its rate on direct labor-hours. At the beginning of the year, the company made the folowing estimates: 87,000 ,600 370,000 412,000 7,500 67,800 ook Dir labor-hours 4.00 Required: 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following Cutting Finishing Direct labor-hours $740 $370 72 $264 Direct labor cost Using the predetermined overhead rates that you computed in requirement (. compute the total manufacturing cost assigned to Job 2 203 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 de partmental rates? 5 Cutting Pinishi Direct materials $370 72$264 10 Using the predetermined overhead rates that you computed in requirement (), compute the total manufacturing cost assigned to Job 203 head 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? Complete the question by entering your answers in the tabs given below per MH per DLH Pr Depa Cutting Pinish Direct labor-hours $740 $370 s 72 $264 Direct labor cost Using the predetermined overhead rates that you computed in requirement (0), compute the total manufacturing cost 203 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a predetermined overhead rate based on direct labor-hours, rather than using departmental rates? plantwide Complete the question by entering your answers in the tabs given below. Required 1 Required 2Required 3 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. (Round intermediate calculations to 2 decimal places and final answer to the nearest doliar amount.) K Required Required 3>