Exercise 20-05 a-c (Part Level Submission) Sandhill Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $295,395 for the year, and For the year, $316,040 of overhead costs are incurred and 130,400 hours are used (a) Compute the manufecturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufecturing overhed rate per machine hour SHOW LEST OF ACCOUNTS INK TO TEXI LINK TO X