Exercise $11-4$A $($Algo$)$ Calculating applied overhead LO $11-2$

Baird, Incorporated estimates manufacturing overhead costs for the Year $3$ accounting period as follows.

The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year $3$ were $203,000$ and for

machines were $134,000.$

Required

a$.$ Calculate the predetermined overhead rate.

Note: Round your answer to $2$ decimal places.

b$.$ Determine the amount of manufacturing overhead applied to Work in Process Inventory during the Year $3$ period if actual machine

hours were $149,000.$

Note: Do not round intermediate calculations.