White Company has two departments, Cutting and Finishing The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine hours, and the Finishing Department bases its rate on direct obor hours. At the beginning of the year, the company made the following estimates: Direct laborehours Machin-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine hoor Variable manufacturing overhead pernect labor hour Department Cutting 3.500 53,000 55,200 1,400 $350,000 5525,000 $ 3.00 $ 3.75 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 Cine Direct Lahours Machine Hours Dretsaterials Dit la cost 1 Using the predetermined overhead rates that you computed in requirement compute the total manufacturing cost assigned to Job 203 3. Would you expect substantly different amount overhead costo bessed to some jobs the comany used alati predetermined over te based on direction or other than using departments Complete the question by entering your answers in the absolven below. NE