Question 3: (35 Marks) Far Play Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labour cost in Department A, direct labour hours in Department B, and machine hours in Department C. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Manufacturing Overhead Direct labour Cost Direct labour Hours Machine Hours A $725,000 $580,000 46,500 91,500 Department B $625,000 $120,000 41,800 108,000 C $920,000 $625,000 41,000 127,500 During January, the job cost sheets showed the following costs and production data. A $92,800 $54,400 $63,300 Department B $82,500 $33,500 $69,000 $66,500 $48,000 $72,800 Direct Materials Used Direct Labour Cost Manufacturing Overhead Incurred Direct Labour Hours Machine Hours 3,400 7,350 4,200 10,650 4,300 14,700 Required: 1. Calculate the predetermined overhead rate for each department 2. Calculate the total manufacturing costs assigned to jobs in January in each department. 3. Calculate the under-or over-applied overhead for each department at January 31st