Kimmel, Accounting,6e Helo I System Announcements CALCULATOR PRINTER VERSION BACK Exercise 15-5 (Part Level Submission) Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $347,325 for the year, and machine usage is estimated at 126,300 hours. For the year, $455,825 of overhead costs are incurred and 132,700 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e-g. 1.52.) Manufacturing overhead rate Click if you would like to Show Work for this question: Open Show Work per machine hour O TEXT LINK T Attempts: 0 of 3 used SAVE FOR LATER SUBMET ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above. 8