CALCULATOR PLINTER VERSE Exercise 14-5 a-c (Part Level Submission) Concord Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $323,306 for the year, and machine usage is estimated at 125,000 hours. For the year, $422,185 of overhead costs are incurred and 130,500 hours are used. Your answer is correct. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate 2.57 per machine hour Show Work is REQUIRED for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT VIDEOSIMILAR EXERCISE Attempts: 2 of 3 used What is the amount of under- or overappled overhead at December 31? Manufacturing Overhead Show Work is REQUIRED for this question: Open Show Work VIDEO: SIMILAR EXERCISE LINK TO TEXT LINK TO TEXT