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: Deeartment Cutting Finishing Direct. labor-hours 7,504] 90,000 Machinehours 54, 300 4, 000 Total fixed manufacturing overhead cost $ 360,000 $ 452,000 Variable manufacturing overhead per machinehour $ 2.00 Variable manufacturing overhead per direct labor-hour $ 2.75 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 labor-hours 3 16 Machine-hours 38 5 Direct materials $ 13!? $ 360 Direct labor cost $ 60 $ 320 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 rates