White Company has fwo departments, Cutting and Finishing. The company uses a job-order costing system and cormputes a predetermined overhead rate in each department. The Cutting Department bases its rate on mochinechours, and the finishing Department bases its rate on direct labor-hours. At the beginning of the year, the company mode the foliowing estimates? 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: Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide 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. Compute the predetermined overhead rate for each department. (Round your answers to 2 Using the predetermined overhead rates that you computed in requirement (1), c assigned to Job 203. (Round intermediate calculations to 2 decimal places and fin Would you expect substantially diherent amounts of overhead cost to be a plantwide predetermined overhead rate based on direct labor-hours, rather tha Yes