Developing and Using a Predetermined Overhead Rate Assume that the following predictions were made for 2014 for one of the plants of Milliken & Company:

Total manufacturing overhead for the year	$ 40,000,000
Total machine hours for the year	3,200,000

Actual results for February 2014 were as follows:

Manufacturing overhead	$ 4,410,000
Machine hours	410,000

(a) Determine the 2014 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 underapplied by $400,000. Determine the cumulative amount of any overapplied or underapplied overhead at the end of February. $_____