Round your answer to two (2) decimal places. Examples: If your answer is $24,500.4718, enter 24500.47 If your answer is $24,500.4753, enter 24500.48 If your answer is $24,500.00, enter 24500.00 If your answer is $0.4718, enter 0.47 If your answer is ZERO, enter 0.00 Never enter $ or , when inputting numerical answers QUESTION: David manufactures snowboards for aspiring Olympic athletes and estimates the following: Designing Department Drilling Department Total Overhead $ 78,000 $ 72,000 $ 150,000 Direct labour hours 6,000 1,600 7,600 Machine hours 12,500 16,000 28,500 David uses departmental overhead rates for his business. In the Designing Department, overhead is applied on the basis of direct labour hours. In the Drilling Department, overhead is applied on the basis of machine hours. Actual data for the month of June is as follows: Designing Department Drilling Department Total Overhead $ 48,700 $ 60,200 $ 108,900 Direct labour hours 3,600 2,200 5,800 Machine hours 10,200 14,000 24,200 Use the above information to answer the following questions. What is the predetermined departmental overhead rate for the Designing Department? HINT: remember to apply the rounding rules. What is the predetermined departmental overhead rate for the Drilling Department? HINT