ent #4 - Chapter 3 Sed Help Seve Exit Submit Check White Company has two departments cutting and finishing. The company uses a job-order costing system and computes predetermined overhead rate in each department. The cutting department bases its rate on machine hours and the finishing department bases its rate on direct labour cost At the beginning of the year, the company made the following estimates Direct Tabour-hours Machine-hours Manufacturing overhead cost Direct labour cost Department Cutting Finishing 5,000 21.00 45,000 3.000 $382,500 $190,000 $ 75,000 $323,400 Required: 1. Compute the predetermined overhead rate to be used in each department (Round "Cutting Department answer to 2 decimal places and "Finishing Department" answer to nearest whole percent.) Department Cutting Finishing per MH of DLC Predetermined the rate 2. Assume that the overhead rates that you computed in Requirement care in effect. The job cost sheet for job 203, which was started and completed during the year, showed the folowng: Department Cutting Finishing Direct labour-hours 6 20 Machine-hours BB Materials requisitioned $ Sa 5 30