Washburn Company produces earbuds. During the year, manufacturing overhead costs are estimated to be $242,500, Estimated machine usage is 2,500 hours. The company assigns overhead based on machine hours. Job No. 551 used 90 machine hours. Compute the predetermined overhead rate. Predetermined overheadrate $ eTextbook and Media Determine the amount of overhead to apply to Job No. 551. Overhead assigned $ Prepare the entry to apply overhead to Job No. 551 on January 15. (Credit account titles are automatically indented when amount is entered. Do not indent manually