White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a oredetermined 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: 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 Job 203 , 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantw predetermined overhead rate based on direct labor-hours, rathen than using departmental rates? Complete the question by entering your answers in the tabs given below