13 out of Must show your work on the exam ABC Company produces specialized hand-held tools. For the year, manufacturing overhead costs are estimated to be $180,000 Estimated machine usage is 60,000 hours. The company assigns overhead based on machine hours. Job No. 303 used 5,000 machines hours. 1. Compute the predetermined overhead rate 2. Determine the amount of overhead to apply to Job No. 303 uestion A BIR % 95 ! 1 o an