20 02:3845 Two separate companies report the information below. Activity during the period Direct materials Direct labor Indirect materials Indirect labor Other overhead Cost of goods sold (before under- or overapplied overhead) Predetermined overhead rate Enter answers in the tabs below. Required 1 Required 2 Required 3 Compute applied overhead for each company. Factory overhead-Company 1 Factory overhead-Company 2 Company 1 $ 83,100 43,600 14,800 60,000 20,900 216,000 125% of direct materials cost Company 2 $ 63,600 85,400 8,000 51,100 52,300 266,000 120% of direct labor cost Required 2 20 22.3.2 Activity during the period Direct materials Direct labor Indirect materials Indirect labor Other overhead Cost of goods sold (before under- or overapplied overhead) Predetermined overhead rate Enter answers in the tabs below. Company 1 $ 83,100 Company 2 $ 63,600 85,406 43,600 14,800 60,000 20,900 216,000 8,000 51,100 52,300 266,000 125% of direct materials cost 120% of direct labor cost Required 1 Required 2 Required 3 Determine whether overhead is overapplied or underapplied for each company. Factory Overhead-Company 1 Debit Credit Factory Overhead-Company 2 Debil Credit 20 02:38:23 Two separate companies report the information below. Activity during the period Direct materials Direct labor Indirect materials Indirect labor Other overhead Company 1 $ 83,100 43,600 14,800 60,000 Company 2 $ 63,600 85,480 8,000 51,100 20,900 52,300 Cost of goods sold (before under- or overapplied overhead) 216,000 266,000 Predetermined overhead rate Enter answers in the tabs below. 125% of direct materials cost 120% of direct labor cost Required 1 Required 2 Required 3 Compute cost of goods sold (after adjustment for under- or overapplied overhead) for each company Company Cost of goods sold after adjustment Company 11 Company 2