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

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Accounting

Walton, Incorporated estimates manufacturing overhead costs for the Year 3 accounting period as follows.
Equipment depreciation $ 190,500
Supplies 20,000
Materials handling 32,400
Property taxes 13,100
Production setup 20,600
Rent 43,600
Maintenance 39,900
Supervisory salaries 224,900
The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 215,000 and for machines were 130,000.
Required
Calculate the predetermined overhead rate.
Note: Round your answer to 2 decimal places.
Determine the amount of manufacturing overhead applied to Work in Process Inventory during the Year 3 period if actual machine hours were 145,000.
Note: Do not round intermediate calculations.

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