Exercise 2-5 (Video) Therd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $345.675 for the year, and machine usage is estimated at 125.700 hours For the year, $372.125 of overhead costs are incurred and 131.500 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places Manufacturing overhead rate per machine hour 1.25.) What is the amount of under or overappled overhead December 317 Manufacturing Overhead Prepare the d ig try to sign the for the year to conto che il are matically indented amount to not indes manually Account Tiles and Explanation Click if you would like to show Work for this