Washburn Company produces earbuds. During the year, manufacturing overhead costs were $225,000. Machine usage was 2,500 hours. The company assigns overhead based on machine hours. Job No. 551 used 90 machine hours. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 5.25.) Predetermined overhead rate $ LINK TO TEXT Determine the amount of overhead to allocate to Job No. 551. (Round answer to 0 decimal places, e.g. 5,275.) Overhead assigned $ LINK TO TEXT Prepare the entry to assign overhead to Job No. 551 on January 15. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answer to 0 decimal place, e.g. 55.) Date Account Titles and Explanation Debit Credit Jan. 15 (To assign overhead to jobs)