Question 1: Buebde Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 27,500 labor- hours. The estimated variable manufacturing overhead was $2.25 per labor-hour and the estimated total fixed manufacturing overhead was $313,940. + Compute the company's predetermined overhead rate for the recently completed year (round your final answer to the nearest penny, i.e. show to two decimal places). htttttttttttt Question 2: Riders Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hourse Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 2,400- $153,650- $ 7.05+ Recently, Job 1F420 was completed. It required 20 machine-hours. Calculate the amount of overhead applied to Job 1F420 (Round your intermediate calculations to 2 decimal places.) e t t