CALCULATOR PRINTER VERSION BACK NEXT OURCES Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $290,030 for the year, and machine usage is estimated at 126,100 hours For the year. $310,150 of overhead costs are incurred and 130,500 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places... 1.25.) Manufacturing overhead rate per machine hour by Study SHOW LIST OF ACCOUNTS LINK TO TEXT UNK TO TEXT What is the amount of under or overapplied overhead at December 317 Manufacturing Overhead VIDEO NILAR ENERCIN Prepare the adjusting entry to assign the under entered. Do not indent manually) overapplied overhead for the year to cost of goods sold. (Cred account s are automatically indented when amounts Account Thies and Explanation Debit Credit