Questions Sheridan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total 5.307,965 for the year, and machine usage is estimated at 125,700 hours For the year $331, 105 of overhead costs are incurred and 130,900 hours are used Compute the manufacturing overhead rate for the year (Round answer to 2 decimal places, 0.9. 1.25.) Manufacturing overhead rate per machine hour SHOW LINT OF ACCOUNTS What is the amount of under or overapplied overhead at December 31 Manufacturing Overhead SHOW LIST OF ACCOUNTS What is the amount of under- or overapplied overhead at December 31? Manufacturing Overhead SHOW LIST OF ACCOUNTS Prepare the adjusting entry to assign the under-or overapplied overhead for the year to cost of goods sold. (Cre indent manually.) Account Titles and Explanation Debit Credit