White Company has two departments, Cutting and Finishing. The company uses a job-order cost- ing system and computes a predetermined overhead rate in each department. The Cutting Depart- ment bases its rate on machine-hours, and the Finishing Department bases its rate on direct labor cost. At the beginning of the year, the company made the following estimates: Department Cutting Finishing Direct labor-hours Machine-hours.. 6,000 30,000 48,000 5,000 Manufacturing overhead cost.. Direct labor cost... $360,000 $486,000 $50,000 $270,000 Required: 1. Compute the predetermined overhead rate to be used in each department. 2. Assume that the overhead rates that you computed in (1) above are in effect. The job cost sheet for Job 203, which was started and completed during the year, showed the following