Question 2 0.99/3 View Policies Show Attempt History Current Attempt in Progress Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $346,775 for the year, and machine usage is estimated at 126,100 hours For the year, $369,500 of overhead costs are incurred and 130,800 hours are used. (a) Your answer is correct Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, es. 1.25.) Manufacturing overhead rate per machine hour $ 2.75 eTextbook and Media List of Accounts ATO WPXO cBook Air List of Accounts Attempts: 1 of 2 use (b) What Is the amount of under-or overapplied overhead at December 31? Manufacturing Overhead $ eTextbook and Media List of Accounts Attempts: 0 of 2 used Save for Later Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above. WPXOS MacBook Air