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White Company has two departments, Cutting and Finishing. The company uses a job-order costing system...

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Accounting

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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 labor-hours. At the beginning of the year, the company made the following estimates: Cutting Finishing 7,200 80,000 62,400 1,100 390,000 $ 517,000 Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour per machine-hour 390 ,000 517,000 2.00 $3.75 Required: 1. Compute the predetermined the predetermined overhead rate to be used in each department. (Round your answers to 2 decimal places.) Finis per MH per DLH 2. Assume that the overhead rates t you computed in (1) above are in effect. The job cost sheet for Job 203, which was started and completed during the year, showed the following: Cutting Finishing Direct labor-hours 17 87 $ 730 $ 380 S 38 $ 170 Direct labor cost Compute the ital manufacturing cost assigrod to Job 203(Round your Intermediate and final annon to 2 decimal places

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