Question: I need help finding the accurate solution to this general accounting problem with valid methods. Oakwood Industries applies manufacturing overhead to jobs based on machine

I need help finding the accurate solution to this general accounting problem with valid methods.

Oakwood Industries applies manufacturing overhead to jobs based on machine hours used. Overhead costs are expected to total $400,000 for the year, and machine usage is estimated at 160,000 hours. For the year, $420,000 of overhead costs are incurred, and 170,000 hours are used. Compute the manufacturing overhead rate for the year

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