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: Departmen Cutting Finishing Direct labor-hours Machine-hours Total fixed manufacturing overhead cost 8,400 71,880 58,300 2,200 $360,000 $549,000 Variable manufacturing overhead per machine-hour 2.00 Variable manufacturing overhead per direct labor- hour 2.75 Required: 1 Compute the predetermined overhead rate for each department. 203, which was started and completed during the year, showed the following: Department Cutting Finishing Direct labor-hours Machine-hours Direct materials Direct labor cost 85 $750 $360 $108 $275 Using the predetermined overhead rates that you computed in requirement (0, compute the total manufacturing cost assig 3. Would you expect substantialily different amounts of overhead cost to be assigned to some jobs if the company used a plantwide ned to Job 203. predetermined overhead rate based on direct labor-hours, rather than using departmental rates? Complete the question by entering your answers in the t Required 1 Required 2 Required 3 Compute the predetermined overhead rate for each department. (Round your answers to 2 decimal places.) abs given below Cutting Finishing overhead race per MH per DLH Required 2