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I need a new answer Wildhorse Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated total $275,000

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Wildhorse Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated total $275,000 for the year, and machine usage is estimated at 125,000 hours. For the year, $322,000 of overhead costs are incurred, and 130,000 hours are used. (a) Your Answer Correct Answer (Used) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate $ 2.20 per machine hour

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