NTER ES Exercise 14-5 a-c (Part Level Submission) Sheridan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $350,280 for the year, and machine usage is estimated 125,100 hours For the year, $436,280 of overhead costs are incurred and 130,100 hours are used v(a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate per machine hour Show Work is REQUIRED for this question: Open Show Work