Saved Help Save & Exit White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates Department Direct labor-hours Cutting Finishing Machine-hours 7,800 75,000 Total fixed manufacturing overhead cost 52, 200 3, 600 $ 380, 000 $ 477,800 Variable manufacturing overhead per machine-hour $ 2.00 Variable manufacturing overhead per direct labor-hour $3.75 Required: 1. Compute the predetermined overhead rate for each department. 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing Direct labor-hours 4 Machine-hours $ 730 $ 360 Direct materials $ 60 $ 340 Direct labor cost