Franklin, Inc. estimates manufacturing overhead costs for the 2019 accounting period as follows: Equipment depreciation Supplies Materials handling Property taxes Production setup Rent Maintenance Supervisory malaries $190,100 20,400 33,700 15,000 20,000 43,600 39,800 237,400 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in 2019 were 209,000 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 during the 2019 period ir actual machine hours were 140,000. (Do not round Intermediate calculations.) per machine hour a. Predetermined overhead rate b. Applied manufacturing overhead