Wildhorse Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $295,865 for the year, and machine usage is estimated at 125,900 hours. For the year, $317,945 of overhead costs are incurred and 130,700 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate $ per machine hour