Beltran Corporation produces wooden and aluminum baseball bats. In preparing the current budget, Beltrans management estimated a total of $1,050,000 in manufacturing overhead costs and 15,000 machine hours for the coming year. In December, Beltrans accountants reported actual manufacturing overhead incurred of $584,000 and 14,400 machine hours used during the year. Beltran applies overhead based on machine hours.

What was Beltrans predetermined overhead rate for the year?

How much manufacturing overhead did Beltran apply during the year?