Concord Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $309,680 for the year, and machine usage is estimated at 126,400 hours. For the year. $330,930 of overhead costs are incurred and 131,400 hours are used. Your answer is correct. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate $ 245 per machine hour e Textbook and Media List of Accounts Attempts: 1 of 3 used - Your answer is partially correct. What is the amount of under-or overapplied overhead at December 31? Manufacturing Overhead $ 321930 Underapplied e Textbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit