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 labour 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 your answers to 2 decimal places.) 2. Assume that the overhead rates that you computed in Requirement (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 calculation. Round your final answer to 2 decim 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 direct labour cost, rather than using departmental rates? Yes No