White Company has two departments: cutting and finishing. The company uses a job-order costing system and computes a predetcrmined overhead rate in each department. The cutting department bases its rate on machinchours, and the finishing department bases its rate on direct labeur cost. At the beginning of the year, the company made the following estimates: Required: 1. Compute the predetermined overhead rate to be used in each department. (Round "Cuttisg Department" answer to 2 decimal places and "Finishing Department" answer to nearest whole percent.) 2. Assume that the overhead rates that you computed in Requiremeat (1) are in effect. The job cost sheet for job 203, which was started and completed during the year, showed the following: Compute the total overhead cost applied to job 203. (Do not round intermediate calculations and round your answer to 2 decimal places.) 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide overhead rate based on direet labout cost, rather than using departmental rates? multiple chaice: Yes OR No