Exercise 11-4A (Algo) Calculating applied overhead LO 11-2 Jordan, Inc. estimates manufacturing overhead costs for the Year 3 accounting period as follows. Equipment depreciation $191,500 Supplies 19,700 Materials handling 32,700 Property taxes 13,300 Production setup 20,000 Rent 43,800 Maintenance 39,600 Supervisory salaries 224,400 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 204,000 and for machines were 130,000. 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 145,000. (Do not round intermediate calculations.) per machine hour a. Predetermined overhead rate b. Applied manufacturing overhead