1. Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $97,200 and 3,000 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $99,200 and actual direct labor-hours were 2,850.

The predetermined overhead rate for the year was closest to: (Round your answer to 2 decimal places.)

2. Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 14,000 hours and the total estimated manufacturing overhead was $319,200. At the end of the year, actual direct labor-hours for the year were 13,600 hours and the actual manufacturing overhead for the year was $305,810. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.)