WoodGrain Technology makes home office furniture from ine hardwoods. The company uses a job-order costing system and predetemined 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 drect labor-hours. At the beginning of the year, the company's management made the following estmates for the year 39.000 39,500 57600 $ 188,000 196.000 $275.000 522.000 162.000 $524,160 4.80 81,000 Direct materials cos Direct labor cost $ 2.80 Job 127 was started on Apri 1 and completed on May 12. The company's cost records show the following information concerning the job: 330 74 948 S 760 Direct laborhours % 1,240 S970 Direct labor cost Requred: 1. Compute the predetemined overhead rate used during the year in the Preparation Department. Compute the rate used in the Fabrication Department. (Round predetermined overhead rate to 2 decimal places.) Preparaion department per DLH 15 MacBook Air