Bonita Compary applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $349,692 for the year, and machine usage is estimated at 126,700 hours. For the year, $474,068 of overhead costs are incurred and 131,800 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, eg. 1.25.) Manufacturing overhead rate per machine hour What is the amount of under-or overapplied overhead at December 31 ? Manufacturing Overhead Attempts: 0 of 10 used (c). Indicate the effect of the adjustment to assign the under-or overapplied overhead for the vear to cost of goods sold. The adjustment to assign the underapplied overhead to Cost of Goods Sold will Manufacturing Overhead and Attempts: 0 of 10 used