Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $339,390 for the year, and machine usage is estimated at 125,700 hours.
For the year, $359,598 of overhead costs are incurred and 131,600 hours are used.
(a)
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Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places, e.g. 1.25.)