1 1 Munoz Company and Perez Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is available for the companies for the year. 2 points Actual direct labor cont Estimated direct labor cont Actual manufacturing overhead cont Estimated manufacturing overhead coat Munoz Company $ 153,000 158,000 54.800 63,200 Perer Company $ 178,000 101,000 91,600 89,890 eBook Hint Required a. Compute the predetermined overhead rate for each company b. Determine the amount of Overhead cost that would be applied to Work in Process inventory for each company, c. Compute the amount of overapplied or underapplied manufacturing overhead cost for each company Print Complete this question by entering your answers in the tabs below. Merences Required A Required B Required C Compute the predetermined overhead rate for each company. (Round your answers to 2 decimal places.) Munoz Company Perez Company Predetermined Overhead direct labor dollar direct labor dollar Route Required B > int Required A Required B Required Determine the amount of overhead cost that would be applied to Work in Process Inventory for each company. (Do not round intermediate calculations.) onces Overhead Cost Munoz Company Porez Company Required A Required B Required Compute the amount of overapplied or underapplied manufacturing overhead cost for each company. (Do not round Intermediate calculations.) Manufacturing Overhead Amount Over/Under Applied Munoz Company Perez Company