Sunland Company applies manufacturing overhead to jobs on the basis of machine hours used, Overhead costs are estimated to total $354,480 for the year, and machine usage is estimated at 126,600 hours. For the year, $378,440 of overhead costs are incurred and 131,800 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate per machine hour What is the amount of under- or overapplied overhead at December 31? Manufacturing Overhead amount is Prepare the adjusting entry to assign the under- of overapplied overhead for the year to cost of goods sold. (Credit account tvetes are automatically indented when amos entered. Do not indent manually.) Account Titles and Explanation Det Credit