High Desert Potteryworks makes a variety of pottery products that it sells to retailers such as Home Depot. The company uses a job-order costing system in which predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor-hours. At the beginning of the year, the company's management made the following estimates Department Molding Painting Direct labor-hours Machine-hours Direct materials cost Direct labor cost Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor- 34,500 90,000 52,500 39,000 $187,000 $197,000 $278,000 $520,000 $252,000 $483,000 $2.40 $4.40 hour Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job Department Direct labor-hours Machine-hours Materials placed into production Direct labor cost Molding 74 310 $934 $730 Painting 132 68 $1,100 $980 Required 1. Compute the predetermined overhead rate used during the year in the Molding Department. Compute the rate used in the Painting Department. (Round your answers to 2 decimal places.) Predetermined overhead rate Molding Department Painting Department per MH per DLH