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jobs on the basis of 2- Kwik Kopy Company applies operating overhead to photocopying machine hours used. Overh ead costs are expected to total $290,000 for the year, and machine usage is estimated at 125,000 hours. For the year $295,000 of overhead costs are incurred and 130,000 hours are used. Instructions (a) Compute the service overhead rat for the year. (b) What is the amount of under- or over- applied overhead at December 31? (c) Assuming the under- or over- applied overhead for the year is not allocated to inventory accounts, prepare the adjushing entry to assign the amount to cost of jobs finished kwik kons menu