Media Designs is a marketing firm that designs and prints customized marketing brochures. The design department designs the brochure and the printing department prints and binds it. Each department has separate overhead rates. The following estimates for the two departments were made for the calendar year 2017. Design Printing Overhead $800,000 $500,000 Direct Labor Cost $3,250,000 $410,000 Direct materials cost $8,500 $250,000 Direct labor hours 50,000 10.000 Media Designs uses a budgeted overheard rate to apply overhead to jobs. Direct labor hours are used to allocate overhead in the design department and direct materials cost is used to allocate overhead in the printing department, Required: a. What are overhead rated for the design and printing departments? b. A Summary of the Matsui job follows: Design Printing Direct materials used $3,000 $12,000 Direct labor costs $46,200 $28,500 Direct labor hours 700 750 What are overheard costs for Matsui job? 1. Actual operating results for 2017 are Design Printing Overhead $802,200 $49,000 Direct labor cost $3,193,000 $451,500 Direct materials cost $11,550 $230,000 Direct labor hours 51,500 10,500 Calculate the over/under applied overhead for each department.