Baird, Inc. estimates manufacturing overhead costs for the Year 3 accounting period as follows, liquipment depreciation Supplies Materials handling Property taxes Production setup Rent Maintenance Supervisory malaries $190,800 20,200 32,400 13,800 19,700 43, 400 39,800 278,300 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 210,000 and for machines were 133,000 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 148,000. (Do not round Intermediate calculations.) per machine hour a. Predetermined overhead rato b. Applied manufacturing overhead