Need help with (b)

Sandhill Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $245,000 for the year, and machine usage is estimated at 122,500 hours. For the year, $315,560 of overhead costs are incurred, and 127,400 hours are used. (a) Your answer is correct. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate \$_ per machine hour eTextbook and Media List of Accounts Attempts: 1 of 3 used What is the amount of under-or overapplied overhead at December 31 ? Sandhill Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $245,000 for the year, and machine usage is estimated at 122,500 hours. For the year, $315,560 of overhead costs are incurred, and 127,400 hours are used. (a) Your answer is correct. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate \$_ per machine hour eTextbook and Media List of Accounts Attempts: 1 of 3 used What is the amount of under-or overapplied overhead at December 31