Question 4 (5 points) Millefeuille Company applies operating overhead to photocopying jobs on the basis of machine hours used. It expects overhead costs to total $290,000 for the year and estimates machine usage at 125,000 hours. For the year, the company incurs $295.000 of overhead costs and uses 130,000 hours. Instructions: 1. Calculate the service overhead rate for the year. 2. Calculate the amount of under- or over-applied overhead at December 31. 3. 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. Go aragraph B UV A E v V V