The process to manufacture custom machine parts involves two departments. Assume that manufacturing overhead is applied using direct labor hours in Department One and machine hours in Department Two. The following annual data was budgeted for the current year Department One Department Two Total budgeted manufacturing overhead Total budgeted direct labor hours Total budgeted machine hours $330,000 120,000 8,000 $504,000 4,000 80,000 REQUIRED a. Determine the applied overhead rate for Department One and the applied overhead rate for Department Two. b. Job #800 incurred 518 actual direct labor hours (500 in Department One and 18 in Department Two) and 235 actual machine hours (45 in Department One and 190 in Department Two). Determine total overhead applied to Job #800. After year-end, the following actual data was compiled. Total actual manufacturing overhead Total actual direct labor hours Department One Department Two $340,000 $499,000 4,400 79,000 Total actual machine hours 125,000 7,800 Determine total applied overhead and the total amount of over(under) applied overhead for the year for each department.