The Mahoney Company has two producing departments: assembly and finishing. The company has been using a plantwide predetermined overhead rate based on direct labor hours. The following estimates were made for the current year: Assembly Finishing Total Manufacturing Overhead $200,000 $100,000 $300,000 Direct labor hours 40,000 35,000 75,000 Machine hours 5,000 16,000 21,000 If Mahoney uses a plantwide predetermined overhead based on direct labor hours, what would be the predetermined overhead rate for the current year? If Mahoney uses separate departmental overhead rates based upon direct labor hours for assembly and machine hours for finishing, calculate the overhead rates to be used for the current year. 1. Assembly 2. Finishing