Harwood Company is a manufacturing firm that operates a job order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginning of the year, management estimated that the company would incur $184,000 in manufacturing overhead costs and work 80,000 machine hours. Required: 1. Compute the company's predetermined overhead rate (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 2. Assume that during the year the company works only 71,300 machine hours and incurs the following costs in the manufacturing overhead and work-in-process accounts. Compute the missing amounts and show the balance in your manufacturing overhead T- account. (Do not round intermediate calculations.) Work in Process 674,500 81,100 (Direct materials) (Direct labour) (Overhead) Manufacturing Overhead 20,100 7,600 57,400 30,400 6,600 53,200 (Maintenance) (Indirect materials) (Indirect labour) (Utilities) (Insurance) (Depreciation)