Wildhorse Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $512,500 for the year, and machine usage is estimated at 125,000 hours. For the year, $549,000 of overhead costs are incurred and 130,000 hours are used. (a) Your answer has been saved. See score details after the due date. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 52.75.) Overhead rate 4.22 per machine hour (b) What is the amount of under- or overapplied overhead at December 31? (c) Overhead $ Save for Later 400 underapplied Attempts: 1 of 1 used Attempts: 0 of 1 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above.