Direct labor-hours Machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Required: 1. Compute the predetermined overhead rate for each department. Department Cutting Finishing 30,000 6,000 48,000 $ 264,000 $ 2.00 5,000 $ 366,000 0 0 $ 4.00 2. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Department Direct labor-hours Machine-hours Direct materials Direct labor cost Cutting 6 Finishing 20 80 4 $ 108 $ 310 $ 360 $ 500 Using the predetermined overhead rates you computed in requirement (1), compute the total manufacturing cost assigned to Job 203. 3. Would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?