Blossom Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $220,000 for the year, and machine usage is estichated at 100,000 hours. For the vear, $257,600 of overhead costs are incurred, and 104,000 hours are used. (a) Compute the manufacturing overhead rate for the vear. (Round answer to 2 decimal places, es. 1.25.) Manufacturing overhead rate: permachine hour