Exercise 4-12 (Part Level Submission) Sheridan Company manufactures a line of lightweight running shoes. CEO Mark Sheridan estimated that the company would incur $3,448,800 in manufacturing overhead during the coming year. Additionally, he estimated the company would operate at a level requiring 240,000 direct labor hours and 620,288 machine hours Your answer is correct. Assume that Sheridan Company uses direct labor hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. (Round anwer to 2 decimal places, e.g. 52.75.) Company's predetermined overhead rate Click if you would like to Show Work for this question: Open Show Work Attempts: 1 of 5 used Your answer is correct. Assume that job 4375 required 200 direct labor hours to complete. Hovw much manufacturing overhead should be applied to the job? (Round answer to 0 decimal places, e.g. 5,275.) Manufacturing overhead applied Click if you would like to Show Work for this question: Open Show Work Attempts: 1 of S used Assume that Sheridan Company uses machine hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate. (Round answer to 2 decimal places, e.g. 52.75