iles Week 2 Job Order Costing 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 Finishing Department bases its rate on direct labor-hours. At the beginning of he year, the company made the following estimates: Depa 8,800 68,000 1,600 $ 390,000$ 435,000 Direct labor-hours 55,6001 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour3.00 Variable manufacturing overhead per direct labor-hour 3.75 Required: 1. Compute the predetermined overhead rate to be used in each department. (Round your answers to 2 decimal places.) Department Cutting Finishing Predetermined overhead rate per MH per DLH wncnwan at ried and completad du.ntyeet hor Job 03. 2. Assume that the overhead rates you computed in (1) above are in effect. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department