acct question

Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $313,750 for the year, and machine usage is estimated at 125,500 hours.

For the year, $336,656 of overhead costs are incurred and 132,600 hours are used.

 
(a)
Compute the manufacturing overhead rate for the year.
(Round answers to 2 decimal places,

 

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