LO2 Milliken &Company M18-15. Developing and Using a Predetermined Overhead Rate lliken & Assume that the following predictions were made for 2018 for one of the plants of Mi Company: MBC Total manufacturing overhead for the year................ Total machine hours for the year . . . .. . . . . . . . . Actual results for February 2018 were as follows: Machine hours 205,000 Required a. Determine the 2018 predetertrsitied overhead rate per machine hour. the predetermined overhest rate per machine hour, determine the manufacturing overhead applied to Work-in-Process dering 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