Finch, 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 $190,800 19,800 33,000 14,700 19,400 43,700 39,400 301,700 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 213,000 and for machines were 125,000 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 durin the Year 3 period if actual machine hours were 140,000. (Do not round intermediate calculations.) a. Predetermined overhead rate b. Applied manufacturing overhead per machine hour