Question: I need solution with step by step.... JBL Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected

I need solution with step by step....

JBL Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $276,660 for the year, and machine usage is estimated at 125,300 hours. For the year, $296,534 of overhead costs are incurred and 132,300 hours are used. Compute the manufacturing overhead rate for the year

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