Question 1 of 10 View Policies Current Attempt in Progress Crane Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Overhead cost Machine hours Direct labour hours Budgeted $1,661,440 51,920 100,090 Actual $956,880 46,260 90,740 Overhead is applied on the basis of machine hours. Calculate the predetermined overhead rate. Predetermined overhead rate $ per machine hour eTextbook and Media Determine the amount of overhead applied for the year. Amount of overhead applied $ Question 2 of 10