Predetermined Departmental Overhead Rates, Applying Overhead to Production At the beginning of the year, Hallett Company estimated the following: Cutting Department Sewing Department Total Overhead Direct labor hours Machine hours $246,200 $358,700 $604,900 31,200 109,000 140,200 157,200 157,200 Hallett uses departmental overhead rates. In the cutting department, overhead is applied on the basis of machine hours. In the sewing department, overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows: Overhead Direct labor hours Machine hours Cutting Department Sewing Department Total $20,660 $37,300 $57,960 2,800 8,660 11,460 13,610 13,610 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Required: 1. Calculate the predetermined overhead rates for the cutting and sewing departments. Round your answers to the nearest cent Overhead rate for Cutting Department: $ Overhead rate for Sewing Department: per machine hour per direct labor hour