Oriole Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $ 220,000 for the year, and machine usage is estimated at 110,000 hours. For the year, $283,360 of overhead costs are incurred, and 114,400 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, eg. 1.25) Manufacturing overhead rate $ per machine hour e Textbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer Part 2 What is the amount of under-or overapplied overhead at December 312 Manufacturing Overhead S eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer Part 3 Prepare the adjusting entry to assign the under or overapplied overhead for the year to cost of goods sold. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit