WT Ltd had the following budgeted figures for 201 : Overheads are applied to production as follows: Cutting department - based on direct labour hours Machining department - based on machine hours At the end of the period the cost records for job 999 were as follows: The company sells all its products at cost plus 50%. Required Overhead absorption rate for Cutting Department Overhead absorption rate for Machining Department The selling price of job 999 The over-or under-applied overheads for the cutting department for the year, if the actual labour hours for the year totalled 52000 and the actual overhead cost was recordedat R475000