Franklin, Inc. estimates manufacturing overhead costs for the Year 3 accounting period as follows. Equipment depreciation Supplies $190,400 20,300 Materials handling 34,000 Property taxes 13,800 Production setup 20,900 Rent 44,300 Maintenance 38,800 369,000 Supervisory salaries 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 133,000. 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 148,000. (Do not round Intermediate calculations.) Predetermined overhead rate b. Applied manufacturing overhead per machine hour