total $252,000 for the year, and machine usage is estimated at 120,000 hours. For the year, $309,120 of overhead costs are incurred, and 124,800 hours are used. (a) X Your answer is incorrect. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate $ 2.02 per machine hour