Oriole Company applies operating overhead to photocopying jobs on the basis of machine hours used. It expects overhead costs to total $269,115 for the year and estimates machine usage at 116,500 hours. For the year, the company incurs $290,100 of overhead costs and uses 127,700 machine hours. (a) Your answer is correct. Calculate the service overhead rate for the year. (Round answer to 2 decimal places, e.g. 15.25.) Your answer is correct. Calculate the amount of under- or over-applied overhead at December 31. Assuming the under-or over-applied overhead for the year is not allocated to inventory accounts, prepare the adjusting entry to assign the amount to cost of jobs finished. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)