Kalp Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machining Finishing Machine-hours 19.000 12.000 Direct labor-hours 2,000 8,000 Total fixed manufacturing overhead cost $136,800 $69,600 1.80 ine-hour 3.20 Variable manufacturing overhead per direct labor-hour nished Job K928. The following data were recorded for this job: During the current month the company started and Job K928 Machining Pinishing Machine-hours 90 10 ur nirot aterials $775 415 Direct labor cost $630 $1,050 The predetermined overhead rate for the Machining Department is closest to Mutiple Choice $720 per machine-hour $9.00 r machine-hour $2138 per machine-hour $1.80 per machine-hour