SHOW YOUR WORK FOR FULL CREDIT McCrary 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 labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Department D E K Manufacturing overhead Direct labor costs $1,200,000 $1,500,000 $900,000 $1,500,000 $1,250,000 $450,000 100,000 125,000 40,000 400,000 500,000 120,000 Direct labor hours Machine hours During January, the job cost sheets showed the following costs and production data. (Actual) Department D E K Direct materials used $140,000 $126,000 $78,000 Direct labor costs $120,000 $110,000 $37,500 Manufacturing overhead incurred $99,000 $124,000 $79,000 Direct labor hours 8,000 11,000 3,500 Machine hours 34,000 45,000 10,400 1. Compute the predetermined overhead rate for each department. Round to 2 decimal places Overhead Rates Department D E K Direct materials used $140,000 $126,000 $78,000 Direct labor costs $120,000 $110,000 $37,500 Manufacturing overhead incurred $99,000 $124,000 $79,900 Direct labor hours 8,000 11,000 3,500 Machine hours 34,000 45,000 10,400 1. Compute the predetermined overhead rate for each department. Round to 2 decimal places. Overhead Rate: Department D Department E Department F 2. Compute the total manufacturing costs assigned to jobs in January in each department Manufacturing Costs D E K Direct Materials Direct Labor Overhead applied A- B FI DO