Developing and Using a Predetermined Overhead Rate

Assume that the following predictions were made for 2009 for one of the plants of Milliken & Company:

Total manufacturing overhead for the year$40,000,000Total machine hours for the year2,000,000

Actual results for February 2009 were as follows:

Manufacturing overhead$5,480,000Machine hours310,000

(a) Determine the 2009 predetermined overhead rate per machine hour.

$20

(b) Using the predetermined overhead rate per machine hour, determine the manufacturing overhead applied to Work-in-Process during February.

$6,200,000

(c) As of February 1, actual overhead was underapplied by $500,000. Determine the cumulative amount of any overapplied or underapplied overhead at the end of February.

$220,000

Do I have the correct answers? Thank you