Waterway company applies manufactoring...

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Waterway Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $346,775 for the year, and machine usage is estimated at 126,100 hours. For the year, $369,500 of overhead costs are incurred and 130,800 hours are used. (a) Your answer is correct. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal ploces, es 1.25) Manufacturing overhead rate per machine hour What is the amount of under-or overapplied overhead at December 31 ? Manufacturing Overhead