Kimmel, Accounting, Ge Help I System Announcements CALCULATOR PRINTER VERSION BACK Exercise 15-5 (Part Level Submission) Ikerd Company is estimated at 126,300 hours. applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $347,325 for the year, and machine usage For the year, $455,825 of overhead costs are incurred and 132,700 hours are used. (a) Your answer is correct. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.52) Manufacturing overhead rate Click if you would like to Show Work for this question: Open Show Work 2.75 per machine hour SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER VIDEO: LIID SKILLS LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used What is the amount of under- or overapplied overhead at December 31? 8 Kimmel, Accounting, 6e Help I System Announcements SHOW LIST OF ACCOUNTS s SHOW SOLUTION SHOW ANSWER VERSSON BACK LINK TO TEXT LINK TO TEXT VIDEO APPLIED SKILLS Attempts: 1 of 3 used (b) What is the amount of under- or overapplied overhead at December 31? Manufacturing Overhead Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS VIDEO APPLIED SKILLS LINK TO TEXTLINK TO TEXT SUBMIT ANSWER Attempts: o of 3 used SAVE FOR LATER S The parts of this question must be completed in order. This part will be available when you complete the part above. 8