White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computers 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 3.000 Department Cutting Direct labor-hours 7.900 74,000 Machine-hours 59.900 Total timed manufacturing overhead cost $380,000 $530,000 Variable sanutacturing overhead per machine-hout $3.00 Variable manufacturing overhead per direct labor-hour 3.25 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: pepartment Cutting Finishing Direct labor-hours 5 10 Wachine-hours 09 Direct materiale 270 1350 Direct labor con 100 $ 200 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 ratest Complete the question by entering your answers in the tabs given below. Required Required ured