Exercise 2-5 (Part Level Submission) Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $304,560 for the year, and machine usage is estimated at 126,900 hours. For the year, $323,682 of overhead costs are incurred and 132,500 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate $ per machine hour

Exercise 25 (Part Level Submission) Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $304,560 for the year, and machine usage is estimated at 126,900 hours. For the year, $323,682 of overhead costs are incurred and 132,500 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answers to 2 Manufacturing overhead rate $ per machine hour