Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 151,000 659,000 4.80 Required: 1 Compute the predetermined overhead rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Predetermined overhead rate per MH 2. During the year Job 500 was started and completed. The following information was available with respect to this job Direct materials requisitioned Direct labor cost Machine-hours used $ 320 $ 200 39