4 Logan Company and Clayton Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is available for the companies for the year: 10 points Actual direct labor cost eBook Logan Company Clayton Company $ 200,000 $ 112,500 187,500 125,000 72,500 75,000 95,000 100,000 Estimated direct labor cost Actual manufacturing overhead cost Estimated manufacturing overhead cost Required a. Compute the predetermined overhead rate for each company. Hint c. Compute the amount of overapplied or underapplied manufacturing overhead cost for each company. b. Determine the amount of overhead cost that would be applied to Work in Process Inventory for each company. Required A Required B Required C Compute the predetermined overhead rate for each company. Note: Round your answers to 2 decimal places. Logan Company Clayton Company Predetermined Overhead direct labor dollar direct labor dollar Required A Required B Required C Determine the amount of overhead cost that would be applied to Work in Process Inventory for each company. Note: Do not round intermediate calculations. Logan Company | Clayton Company Overhead Cost Required A Required B Required C Compute the amount of overapplied or underapplied manufacturing overhead cost for each company. Manufacturing Overhead Amount Logan Company Clayton Company Over/Under Applied