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: Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Cutting Finishing 7, see 86,00 59,200 1,700 $ 370,000 $433,eee $ 3.ee $ 4.75 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: Direct labor-hours Machine-hours Direct materials Direct labor cost Department Cutting Finishing 6 17 84 5 $ 750 $ 350 $ 114 $ 323 nufacturing cost assigned to Required 1 Required 2 Required 3 Compute the predetermined overhead rate for each department. (Round your answers to 2 de Department Cutting 12 25 per MH Predetermined overhead rate Finishing 9.79 per DLH Required 2 > 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 intermediate calculations to 2 decimal places and final inswer to the nearest dollar amount) Total manufacturing cost 2.732 Required 1 Required 3 >