Coronado Corporation produces wooden and aluminum baseball bats. In preparing the current budget, Coronados management estimated a total of $447,000 in manufacturing overhead costs and 14,900 machine hours for the coming year. In December, Coronados accountants reported actual manufacturing overhead incurred of $577,000 and 12,600 machine hours used during the year. Coronado applies overhead based on machine hours.

1. What was Coronados predetermined overhead rate for the year?

2. How much manufacturing overhead did Coronado apply during the year?