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 $132.000 in manufacturing overhead costs and work 60,000 machine hours. Required: 1. Compute the company's predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rato per MH 2. Assume that during the year the company works only 51,500 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.) (Maintenance) (Indirect materials Manufacturing Overhead 14.300 5 500 41.400 22,000 4,800 Work in Process 488 000 62 000 (Direct materials) (Direct labour) (Overhead) (Indirect labour) (Utilities) Insurance) (Depreciation) 38,500