Required: 1. Calculate the predetermined overhead rates for the cutting and sewing departments. Round your answers to the nearest cent. Overhead rate for Cutting Department: $ per machine hour Overhead rate for Sewing Department: $ per direct labor hour 2. Calculate the overhead applied to production in each department for the month of June. Do not round intermediate calculations. Round your answers to the nearest dollar Overhead applied to Cutting Department in June: $ Overhead applied to Sewing Department in June: $ 3. By how much has each department's overhead been overapplied or underapplied? Round your answers to the nearest dollar. Cutting Department: Sewing Department: Total Predetermined Departmental Overhead Rates, Applying Overhead to Production At the beginning of the year, Hallett Company estimated the following: Cutting Department Sewing Department Overhead $247,400 $350,500 $597,900 Direct labor hours 31,200 102,700 133,900 Machine hours 151,400 151,400 Hallett uses departmental overhead rates. In the cutting department, overhead is applied on the basis of machine hours. In the sewing department overhead is applied on the basis of direct labor hours. Actual data for the month of June are as follows: Cutting Department Sewing Department Total Overhead $20,680 $37,700 $58,380 Direct labor hours 2,800 8,690 11,490 Machine hours 13,500 13,500 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. nun X Open spreadsheet Required