WoodGrain Technology makes home office furniture from fine hardwoods. The company uses a job-order costing system and predetermined overhead rates to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Preparation Department is based on machine-hours, and the rate in the Fabrication Department is based on direct materials cost. At the beginning of the year, the company's management made the following estimates for the year. Job 127 was started on April 1 and completed on May 12 . The company's cost records show the following information concemning the job. Required: 1. Compute the predetermined overhead rate used duning the year in the Preparation Department Compute the rate used in the Fabrication Department. (Round "Preperotion deportment" enswer to 2 decimel places) Required: 1. Compute the predetermined overhead rate used during the year in the Preparation Department. Compute the rate used in the Fabrication Department. (Round "Preparation department" answer to 2 decimal ploces.) 2. Compute the total overhead cost applied to Job 127 3-0. What would be the total cost recorded for Job 127 ? 3-b. If the job contained 25 units, what would be the unit product cost? (Round your onswer to 2 decimal places.) 4. At the end of the year, the records of WoodGrain Technology revealed the following actua/cost and operating data for all jobs worked on during the year: What was the amount of underapplied or overapplied overhead in each department at the end of the year