Coronado Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $338,040 for the year, and machine usage is estimated at 125,200 hours. For the year, $368,350 of overhead costs are incurred and 132,500 hours are used.
Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e. g. 1.25.)Manufacturing overhead rate $ per machine hourSHOW LIST OF ACCOUNTSWhat is the amount of under- or overapplied overhead at December 31?Manufacturing Overhead $ Overapplied Underapplied