zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... [ er 5 i Saved Help Save & Exit S Check my wo WoodGrain Technology makes home office furniture from fine hardwoods. The company uses a job-order costing system and predetermined overhead rates to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Preparation Department is based on machine-hours, and the rate in the Fabrication Department is based on direct materials cost. At the beginning of the year, the company's management made the following estimates for the year: Department pped Preparation Fabrication Machine-hours 80, 090 21, 000 Direct labour-hours 35, 000 65,090 Direct materials cost $190, 000 $400, 000 Book Direct labour cost $280, 000 $530,000 Manufacturing overhead cost $416, 000 $720, 000 Print ferences Job 127 was started on April 1 and completed on May 12. The company's cost records show the following information concerning the job: Department Preparation Fabrication Machine-hours 350 70 Direct labour-hours 80 130 Direct materials cost $ 940 $ 1, 200 Direct labour cost $ 710 980 Required: 1. Compute the predetermined overhead rate used during the year in the Preparation Department, Compute the rate used in the Fabrication Department. (Round "Preparation department" answer to 2 decimal places.) raw