Developing and Using a Predetermined Overhead Rate Assume that the following predictions were made for last year for one of the plants of Milliken & Company: Total manufacturing overhead for the year $ 15,000,000 Total machine hours for the year 1,200,000. Actual results for February were as follows: Manufacturing overhead $ 1,238,500 Machine hours 98,500

(a) Determine the predetermined overhead rate per machine hour. (Enter answer using two decimal places.)

(b) Using the predetermined overhead rate per machine hour, determine the manufacturing overhead applied to Work-in-Process during February.

(c) As of February 1, actual overhead was overapplied by $35,000. Determine the cumulative amount of any overapplied or underapplied overhead at the end of February.