Quintana Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year are budgeted at $1,050,000. Of this amount, the Machining Department incurs $650,000 (primarily for machine operation and depreciation) while the Assembly Department incurs $400,000. The company estimates that it will incur 5.000 machine hours (all in the Machining Department and 10.000 direct labor hours (2,000 in the Machining Department and 8,000 in the Assembly Department) during the year, (Click the icon to view the additional information.) Read the requirements Requirement 1. Compute the company's current plantwide overhead rate (Round your answer to the nearest dollar) Begin by determining the formula, then compute the rate Plantwide overhead rate per DL hour Requirement 2. Compute refined departmental overhead rates. Determining the formula, then compute the rates. (Round your answers to the nearest dollar) Machining Assembly Requirement 3. Which job (Job 500 or Job 501) uses more of the company's resources? Explain of the company's resources Departmental overhead rate machine hours than the other job. The accounting system should show that one job actualy per mach hour per DL hour the other