Munoz, 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 $190,880 20,000 33,200 14,100 20,300 43,800 38,000 207,400 The company use a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 202,000 and for machines were 132,000. 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 147,000. (Do not round intermediate calculations.) a. Predetermined overhead rate per machine hour b. Applied manufacturing overhead