Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $341,523 for the year, and machine usage is estimated at 125,100 hours. For the year, $427,173 of overhead costs are incurred and 130,100 hours are used. Assignment Exercise 15-4 Exercise 15-2 Problem 15-3A (Part Level Submission) Exercise 15-5 (Part Level Submission Exercise 15-12 Problem 15-4A (Part Level Submission) (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.52.) Manufacturing overhead rate per machine hour Review Score Review Results by Study Objective Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above. The parts of this question must be completed in order. This part will be available when you complete the part above