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Perez, Inc. estimates manufacturing overhead costs for the Year 3 accounting period as follows. Equipment depreciation Supplies Materials handling Property taxes Production setup Rent Maintenance Supervisory salaries $190,600 19,500 33,600 13,500 19,100 43,600 39,200 229,700 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 206,000 and for machines were 128,000. Required a. Calculate the predetermined overhead rate. (Round your answer to 2 decimal places.) b. Determine the amount of manufacturing overhead applied to Work in Process Inventory during the Year 3 period if actual machine hours were 143,000. (Do not round intermediate calculations.) per machine hour a. Predetermined overhead rate b. Applied manufacturing overhead