5. Oriole Company applies...

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Oriole Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $317,250 for the year, and machine usage is estimated at 126,900 hours. For the year, $334.900 of overhead costs are incurred and 130,000 hours are used. (a) Your answer has been saved. See score details after the due date. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturingoverhead rate per machine hour List of Accounts Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. Prepare the adjusting entry to assign the under-or overapplied overhead for the year to cost of goods sold. CCredil account are automatically indented when amount is entered Do not indent manually