Please answer the following question using the provided images.

Exercise 15-5 (Part Level Submission) Duggan Company.r applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $275,660 for the year, and machine usage is estimated at 125,300 hours. For the yearr $296,534 of overhead costs are incurred and 132,300 hours are used. V (a) v Your answer is correct. Compute the manufacturing overhead rate for the year. (Round answers to 2 decimaf places, (-3.9. 1.25.) Manufacturing overhead rate $ per machine hour V (C) Prepare the adjusting entry to assign the under or overapp entered. Do not indent manuamr.) ount Titles and Explanation Debit ied overhead for the year to cost of goods sold. (Credit account tides are automatica'y indented when amount is Credit Y [b] Yuur answer is correct. What is the amount of under- cur twerapplied overhead at December 31? Manufacturing Overhead $ 54?4 Underapplied 1r