CALCULATOR PRINTER VERSION 4 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 125,800 hours. For the year, $422,185 of overhead costs are incurred and 130,500 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 7 decimal places, e.g. 1.25.) Manufacturing overhead rate S per machine hour ay Show Work is REQUIRED for this question: Open Show Work LINK TO TEXT LINK TO TEXT VIDEOSIMILAR EXERCISE