Assignment 15-B REQUIRED H Q Type here to search Question 6 of 8 < > Show Attempt History 1.5/3 Current Attempt in Progress Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $276,980 for the year, and machine usage is estimated at 125,900 hours. For the year, $300,620 of overhead costs are incurred and 132,600 hours are used. (a) Your answer is correct. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) C Manufacturing overhead rate $ eTextbook and Media List of Accounts (b) Your answer is partially correct. 2.20 per machine hour What is the amount of under- or overapplied overhead at December 31? Manufacturing Overhead $ D eTextbook and Media 2.201 Underapplied Attempts: 1 of 3 used Rain coming