Seton Hall Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Finishing 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: Forming Finishing Machine-hours 24,000 18,000 Direct labor-hours 4,000 6,000 Total fixed manufacturing overhead cost $118,800 $57,600 Variable manufacturing overhead per machine-hour $4.40 Variable manufacturing overhead per direct labor-hour $6.00