please explain and show solution so i can study it. thank you!

White Company has two departments: cutting and finishing. The company uses a job-order costing system and computes a 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. Department Direct labour-hours Cutting 5, 800 Finishing 33, 800 Machine-hours Manufacturing overhead cost 47, 000 3,800 Direct labour cost $437, 100 $536,500 $ 58,090 $290,090 Required: 1. Compute the predetermined overhead rate to be used in each department. (Round your answers to 2 decimal places.) Department Cutting Finishing Predetermined overhead rate per MH % of DLC 2. Assume that the overhead rates that you computed in Requirement (1) are in effect. The job cost sheet for job 203, which was started and completed during the year, showed the following: Department Cutting Finishing Direct labour-hours 6 20 Machine-hours 80 4 Materials requisitioned $470 $280 Direct labour cost $ 66 $158 Compute the total overhead cost applied to job 203. (Do not round intermediate calculations and round your answer to 2 decimal places.) Total overhead cost applied