Thornton, Inc. estimates manufacturing overhead costs for the Year 3 accounting period as follows. S kipped Equipment depreciation Supplies Materials handling Property taxes Production setup Rent Maintenance Supervisory salaries $191,000 20,800 32,600 14,900 19,800 44,900 38,7ee 328,900 Book Print erences The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 203,000 and for machines were 133,000. 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 per machine hours were 148,000. (Do not round intermediate calculations.) per machine hour a. Predetermined overhead rato b. Applied manufacturing overhead