of machine-hours. Medusa Products uses a job-order costing system. Overhead costs are applied lo jobs on the basis o At the beginning of the year, management estimaled at the company would work 86,800 machine-hours and incur $251,720 in manufacturing overhead costs for the year Required: I. Compute the company's predetemned overhead rate. (Round your answer to 2 decimal places.) par MH 2. Assume that during th ynar the oar 245 000 a manu ac unn d costs. of underappled nr overap lind aver nad or the ear. Round our intermediate calculation to 2 decimal places. any ualy worked o 80 9 a mach aurs and no rTRd am utn thn n au over