Wildhorse Company applies operating overhead to photocopying jobs on the basis of machine hours used. It expects overhead costs to total $284,791 for the year and estimates machine usage at 115,300 hours. For the year, the company incurs $286,400 of overhead costs and uses 118,800 machine hours. Calculate the service overhead rate for the year, (Round answer to 2 decimal ploces, e.s. 15.25.) Service overhead rate per machine hour eTextbook and Media List of Accounts Calculate the amount of under-or over-applied overhead at December 31. Assuming the under- or over-applied overhead for the year is not allocated to inventory accounts, prepare the adjusting entry to assign the arnount to cost of jobs finished, (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)