Answer:
1. Cutting Department = $8.99 per machine hour and Finishing Department = $11.53 per direct labor hour.
2. The  total manufacturing overhead cost assigned to Job 203 is $2,058.46.
3. Yes. Plant wide pre-determined overhead rate does not consider the cost driver in the departments involved.
Explanation:
<em>Predetermined overhead rate = Budgeted Overheads / Budgeted Activity</em>
Cutting Department = $390,000 / 43,400
                                  = $8.99 per machine hour
Finishing Department = $496,000 / 43,000
                                     = $11.53 per direct labor hour
<u>Total manufacturing overhead cost assigned to Job 203.</u>
Direct materials 
Cutting Department                             $ 745.00
Finishing Department                          $ 370
.00
Direct labor costs 
Cutting Department                              $ 43.00 
Finishing Department                          $ 210.00
Variable manufacturing overhead
Cutting Department ($2.00 × 43)         $86.00
Finishing Department ($2.00 × 4)          $8.00
Variable manufacturing overhead
Cutting Department ($3.75 × 3)              $11.25
Finishing Department ($3.75 × 13)        $48.75
Fixed manufacturing overhead
Cutting Department ($8.99 × 43)        $386.57
Finishing Department ($11.53 × 13)       $149.89
Total                                                   $2,058.46