Exercise 11-4A (Algo) Calculating applied overhead LO 11-2 Zachary, Inc. estimates manufacturing overhead costs for the Year 3 accounting period as follows. Equipment depreciation Supplies Materials handling. Property taxes Production setup Rent Maintenance Supervisory salaries) $190,100 19,100 32,600 14,800 19,600 44,600 38,400 321,200 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 220,000 and for machines were 126,000. 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 141,000. (Do not round intermediate calculations.) a. Predetermined overhead rate. b. Applied manufacturing overhead per machine hour