QUESTION 32 The Bing Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. Cand on machine-hours in Dept. D. At the beginning of the year, the Corporation made the following estimates: Direct labor cost Manufacturing overhead Direct labor-hours Machine-hours Dept.C $60,000 $90,000 16,000 2,000 Dept. D |$40,000 $45,000 9,000 115,000 What predetermined overhead rates would be used in Dept. Cand Dept, D, respectively? 67% and $3.00 150% and $5.00 150% and $3.00 67% and $5.00