C D E K A B F G Jordon Inc. applies manufacturing overhead to jobs on the basis of machine hours. Overhead costs are estimated to total $350,000 for the year, and machine usage is estimated at 120,000 hours. 1 costs are incurred and 28,000 hours are used. 2 For the year, $362,000 of overhead 3 Required: Show work to receive full credit 4 a. Compute the manufacturing overhead rate for the year 5 b. 6 c. 7 What is the amount of under- or overapplied overhead at December 31? prepare the adjusting entry to assign the under- or overapplied overhead to cost of goods sold. 85 points each