Question 2 of 9 -12 3 View Policies Current Attempt in Progress Crane Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $330,750 for the year, and machine usage is estimated at 157,500 hours. For the year, $405,720 of overhead costs are incurred, and 163,800 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate $ per machine hour eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above