Beltran  Corporation produces wooden and aluminum baseball bats. In preparing the current budget, Beltran’s  management estimated a total of $460,000 in manufacturing overhead costs and 20,000 machine hours  for the coming year. In December, Beltran’s accountants reported actual manufacturing overhead incurred of $455,000 and 19,750 machine hours used during the year. Beltran applies overhead based on machine hours.

Required

a. What was Beltran’s predetermined overhead rate for the year?

b. How much manufacturing overhead did Beltran apply during the year?