Concord Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $323,306 for the year, and machine usage is estimated at 125,800 hours. For the year, $422,185 of overhead costs are incurred and 130,500 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, es. 1.25.) Manufacturing overhead rate per machine hour eTextbook and Media Attempts: 0 of 3 used