White Company has two departments, Cutting and Finishing. The company uses ajoborder 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: Department Cutting Finishing Direct laborhours 6,900 73,000 Machinehours 58,800 2,600 Total fixed manufacturing overhead cost $ 390,000 $ 566,000 Variable manufacturing overhead per machinehour s 4.00 Variable manufacturing overhead per direct laborhour $ 3.75 Required: 1. Compute the predetermined overhead rate for each department, 2. Thejob cost sheet for Job 203, which was started and completed during the year, showed the following: Department Cutting Finishing Direct laborhours 5 13 Machinehours 85 4 Direct materials 5 730 $ 380 Direct labor cost $ 110 $ 286 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 somejobs if the company used a plantwide predetermined overhead rate based on direct labor-hours. rather than using departmental rates? Complete the question by entering your answers in the tabs given below. Required 2 Required 3 Compute the predetermined overhead rate for each department. (Round your answers to 2 decimal places.) Predetermined overhead rate per MH per DLH Required 1 Required 2 Required 3 Using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. (Round your intermediate calculations and final answer to 2 decimal places.) Required 1 Required 2 Required 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 rates? OYes ONO