Adams Company and Baird Company both apply overhead to the Work In Process Inventory account using direct labor hours. The following information is available for both companies for the year. Adama Company $102,300 28.000 Actual manufacturing overhead Actual direct labor hours Underapplied overhead over applied overhead Baird Company 5241,200 24,000 12,000 5 23.500 Required a. Compute the predetermined overhead rate for each company b. Using Taccounts, record the entry to close the overapplied or underapplied overhead at the end of the accounting period for each company, assuming the amounts are immaterial Complete this question by entering your answers in the tabs below. Required A Required Compute the predetermined overhead rate for each company. (Round your answers to 2 decimal places) Pse Direct Labor Hout Am Company Baird Company Predetermined overhead rate Required) Required a. Compute the predetermined overhead rate for each company. b. Using T-accounts, record the entry to close the overapplied or underapplied overhead at the end of the accounting period for each company, assuming the amounts are immaterial Complete this question by entering your answers in the tabs below. Required A Required B Using T-accounts, record the entry to close the overapplied or underapplied overhead at the end of the accounting period for each company, assuming the amounts are immaterial. Adjusting Entry for Adams Company Manufacturing Overhead Cont of Goods Sold Adjusting Entry for Baird Company Manufacturing Overland Cost of Goods Sold