Question 4 of 15 > III Current Attempt in Progress Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $312,500 for the year, and machine usage is estimated at 125,000 hours. For the year, $338,450 of overhead costs are incurred and 131,100 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, eg. 1.25.) Manufacturing overhead rate $ per machine hour e Textbook and Media List of Accounts What is the amount of under or overapplied overhead at December 31? Manufacturing Overhead $ e Textbook and Media List of Accounts What is the amount of under or overapplied overhead at December 31? Que Accou Manufacturing Overhead $ Que ACCOL e Textbook and Media Que Accou List of Accounts Que Acco Prepare the adjusting entry to assign the under-or overapplied overhead for the year to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Que Acco Account Titles and Explanation Debit Credit Que Acco Que Acco e Textbook and Media Que Acco List of Accounts Que Acco 3