Franklin, 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 $190,600 20,700 33,300 13,400 20,400 43,400 39,500 210,600 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 214,000 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.) a. Predetermined overhead rate per machine hour b. Applied manufacturing overhead