Mixed Wood Limited has three departments - Wood Turning, Moulding and Collection. The company uses a job-order costing system. The Wood Turning bases its overhead on direct wood turning machine hours; the Moulding Department bases its overhead rate on direct mould machine-hours, and the Collection Department bases its rate on direct-labour hours. At the beginning of the year, the company made the following estimates: Department Collection Wood Turning 6,800 Moulding 4,500 120,000 Direct labour-hours Direct Wood Turning Machine- 94,000 20 150 hours 1,000 120,000 300 $2,550,000 $1,205,000 $4,330,000 $4.25 $4.25 $4.25 Direct Mould Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per wood turning machine-hour Variable manufacturing overhead per mould machine-hour Variable manufacturing overhead per direct labour-hour $7.75 $7.75 $7.75 $1.50 $1.50 $1.50 Following is the job cost sheet for Job 907, which was started and completed during the year: Department Wood Turning Moulding Collection Direct wood turning machine-hours 12,125 2 4 Direct mould machine-hours 2 11,010 6 Direct labour hours 89 65 19,100 Materials requisitioned $21,002 $11,445 $1,090 Direct labour costs $2,650 $4,874 $18,900 Required: 1) Compute the predetermined overhead rate based on a department overhead rate. (Hint: Ensure work out overhead rate for both departments) 2) Compute the total manufacturing cost assigned to Job 907 based on department overhead rate calculated in Requirement 1