TB MC Qu$.2-187($Static$)$ TIff Corporation has two production...

Tiff Corporation has two production departments, Casting and Assembly. The company uses a job$-$order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine$-$hours and the Assembly Department's predetermined overhead rate is based on direct labor$-$hours. At the beginning of the current year, the company had made the following estimates:

$\backslash$table$[[,$Casting,Assembly$],[$Machine$-$hours,$17,000,10,000],[$Direct labor$-$hours,$1,000,5,000],[$Total fixed manufacturing overhead cost,$$46,500,],[$Variable manufacturing overhead per machine$-$hour,$129,200,],[$Variable manufacturing overhead per direct labor$-$hour,$$1\mathrm{.}80,3\mathrm{.}80]]$

During the current month the company started and finished Job P$131.$ The following data were recorded for this job:

$\backslash$table$[[$Job P$131$:$,$Casting Assemb$1$y$,],[$Machine$-$hours,$90,20],[$Direct labor$-$hours,$20,60]]$

The predetermined overhead rate for the Casting Department is closest to: