Problem 17.3A (StatlC) Job Order CostIng: A Comprehensive Problem (LO17.1, LO17-2, LO17.3, LO17.4, LO17-5) Georgla Woods, Inc., manufactures furniture to customers' specifications and uses job order costing. A predetermined overhead rate is used in applying manufacturlng overhead to indlvidual jobs. In Department One, overhead is applied on the basis of machine-hours, and In Department Two, on the basis of direct labor hours. At the beginning of the current year, management made the following budget estimates to assist in determining the overhead applicatlon rate. Production of a batch of custom furniture ordered by City Furniture (Job no. 58) was started early in the year and completed three weeks later on January 29 . The records for this job show the following cost Information. Selected additional Information for January is as follows. Required: a. Compute the predetermined overhead rate for each department. b. What is the total cost of the furnlture produced for City Furnlture? c. Prepare the entrles required to record the sale (on account) of the furniture to City Furniture. The sales price of the order was $147,000. d. Determine the over-or underapplied overhead for each department at the end of January. Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate for each department. (Round your answers to 2 decimal places.)