solve for part b

(b) What is the amount of under- or overapplied overhead at December 31? Manufacturing Overhead Exercise 14-5 ae (Part Level Submission) Sheridan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead coats are estimated to total 350,200 for the year and machine usage is estimated at 125,100 hours. For the year, $436,280 of overhead costs are incurred and 130,100 hours are used (a) Your answer is correct Compute the manufacturing overhead rate for the year. (Round answer Manufacturing overhead rate 2.00 per machine hour