Franklin, Inc estimates manufacturing overhead costs for the Year 3 accounting period as follows. The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 201,000 and for machines were 128,000 . Required o. Calculate the predetermined overhead rate. (Round your answer to 2 decimal ploces.) b. Determine the amount of manufacturing overhead applied to Work in Process Inventory during the Year 3 period if actual machine hours were 143,000 . (Do not round intermediate colculations.)