Current Attempt in Progress Blossom Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Overhead cost Budgeted $1,000,000 Actual $950,000 Machine hours 50,000 40,000 Direct labour hours 100,000 90,000 Overhead is applied on the basis of machine hours (a) Calculate the predetermined overhead rate. Predetermined overhead rate $ eTextbook and Media per machine hour