Vaughin Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $294,138 for the year, and machine usage is estimated at 125.700 bours: For the year, $419,736 of overhead costs are incurred and 130,400 hours are used. (a) Compute the manutacturing overhead rate for the year (Round aniver to 2 decimal ploces es. 1.25). Mapufacturing overhend rater per nuchinehour