gnment MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 2-5 expected to for and machine Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. overhead costs are total $300,000 the year, usage is estimated at 125,000 For the year, $322,000 of overhead costs are incurred and 130,000 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) per machine hour Manufacturing overhead rate SHOW LIST OF ACCOUNTS VIDEO: APPLIED SKILLS LINK TO TEXT What is the amount of under- or overapplied overhead at December 31? Manufacturing overhead Underapplied Overapplied Show All Flash Player (18) dmg Flash Player (19) dmg Flashplayer (20) dmg FlashPlayer (21) dmg Canceled