CALCULATOR PRINTER VERSION BACK NEXT Practice Exercise 02 a-c Marigold company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $347,325 for the year, and machine usage is estimated at 126,300 hours For the year, $275,125 of overhead costs are incurred and 132,700 hours are used, Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, eg, Manufacturing overhead rates per machine hour What is the amount of under of overapplied overhead at December 31 Manufacturing Overhead Prepare the adjusting entry to assion the under of overapplied overhead for the year to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation