$6$

$1$ point

Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $$300,000$ for the year, and machine usage is estimated at $125,000$ hours.

For the year, $$322,000$ of overhead costs are incurred, and $130,000$ machine hours are used.

Compute the manufacturing overhead rate for the year.

$10,000$