Sheffield Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $331,515 for the year, and machine usage is estimated at 125,100 hours. For the year, $369,150 of overhe.3d costs are incurred and 131,000 hours are used. (a) Your answer has been sived. See score details after the due date. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, eg. 1.25) Manufacturing overhead rate $ per machine hour What is the amount of under- or overapplied overhead at December 31? Manutacturing Overhead $