Exercise 15-5 Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $327,080 for the year, and machine usage is estimated at 125,800 hours For the year, $350,013 of overhead costs are incurred and 133,000 hours are used. Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate per machine hour SHOW LIST OF ACCOUNTS LINK TO TEXT What is the amount of under- or overapplied overhead at December 31? Manufacturing Overhead