Current Attempt in Progress Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $276,980 for the year, and machine usage is estimated at 125.900 hours. For the year. $300,620 of overhead costs are incurred and 132,600 hours are used. (a) Your answer has been saved. See score details after the due date Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25) Manufacturing overhead rate $ per machine hour Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date What is the amount of under-or overapplied overhead at December 31? Manufacturing Overhead $ 8.900 Lederapplied Attempts: 1 of 1 used (c) Prepare the adjusting entry to assign the under or overapplied overhead for the year to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit Save for Later Attempts: 0 of 1 used Submit