w o pe ry has two departments, Cutting and Finishing. The company uses a job order costing system and computes a n ed overhead rete in each department. The Cutting Department bases its rate on machine hours, and the Finishing en bases its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Nachine-hours Total Fixed manufacturing overhead cost variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 6,9ee 7 8,000 69,200 3,700 $ 370,000 $599,00 $ 2.00 - $ 4.75 o lot 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: Cutting Finishing Direct laber-hours Machine-hours Direct materials. Direct labor cost $790 $360 Using the predetermined overhead rates that you computed in requirement (1) compute the total manufacturing co 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company predetermined overhead rate based on direct labor-hours, rather than using departmental rates? Complete the question by entering your answers in the tabs given below. quired 1 Required 2 Required 3 Compute the predetermined overhead rate for each department. (Round you Predetermined overhead rate depoimen Cung and Finishing. The company uses a job-order costing system and computes o overhead rate in each department. The Cutting Department bases its rate on machine hours, and the finishing beses its rate on direct labor-hours. At the beginning of the year, the company made the following estimates: De Direct labor-hours Department Cutting Finishing 6,9ee 7 8, eee 69,200 3,78e $ 370,000 $599, eee $ 2.ee $ 4.75 Fotelised manufacturing overhead cost variante manufacturing overhead per machine-hour variable manufacturing overhead per direct labor-hour 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 Machine-hours Direct materials Direct labor cost $790 $ 12e S360 $ 480 Using the predetermined overhead rates that you computed in requirement (1). compute the total manufacturing coul d 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the come d e predetermined overhead rate based on direct labor-hours, rather than using departmental rates? Complete the question by entering your answers in the tabs given below. Required 1 Required 2 Required 3 Using the predetermined overhea rates that you computed in requirement (1), compute the assigned to Job 203. (Round your fritermediate calculations to 2 decimal places and you amount.) Total manufacturing cost Required