Oriole Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs...

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Oriole Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $220,000 for the year, and machine usage is estimated at 110,000 hours. For the year, $283,360 of overhead costs are incurred, and 114,400 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate $ per machine hour eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Oriole Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $220,000 for the year, and machine usage is estimated at 110,000 hours. For the year, $283,360 of overhead costs are incurred, and 114,400 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate $ per machine hour eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer