Adams, Incorporated estimates manufacturing overhead costs for the Year 3 accounting period as follows The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 201,000 and for machines were 134,000 . Required a. Calculate the predetermined overhead rate. Note: Round your answer to 2 decimal ploces. b. Determine the amount of manufacturing overhead applied to Work in Process Inventory during the Year 3 period if actual machine hours were 149,000 Note: Do not round intermediate colculations. Adams, Incorporated estimates manufacturing overhead costs for the Year 3 accounting period as follows The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 201,000 and for machines were 134,000 . Required a. Calculate the predetermined overhead rate. Note: Round your answer to 2 decimal ploces. b. Determine the amount of manufacturing overhead applied to Work in Process Inventory during the Year 3 period if actual machine hours were 149,000 Note: Do not round intermediate colculations