Current Attempt in Progress Sunland Company applies operating overhead to photocopying jobs on the basis of machine hours used. It expects overhead costs to total $292,080 for the year and estimates machine usage at 121,700 hours. For the year, the company incurs $291,000 of overhead costs and uses 122,500 machine hours. (a) Calculate the service overhead rate for the year. (Round answer to 2 decimal places, e.g. 15.25.) Service overhead rate Save for Later tA

Current Attempt in Progress Sunland Company applies operating overhead to photocopying jobs on the basis of machine hours used. It expects overhead costs to total $292,080 for the year and estimates machine usage at 121,700 hours. For the year, the company incurs $291,000 of overhead costs and uses 122,500 machine hours. (a) Calculate the service overhead rate for the year. (Round answer to 2 decimal places, e.g. 15.25.)