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 labor-hours. At the beginning of the year, the company made the following estimates: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department cutting Finishing 6,900 83,000 52,400 3,000 $ 390,000 $ 597,000 $ 3.00 $ 2.75 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: Direct labor-hours Machine-hours Direct materials Direct labor cost Department cutting Finishing 6 17 82 4 $730 $350 $138 5392 Using the predetermined overhead rates that you comouted in requirement in comoute the total manufacturing cost assianed to Job