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. 01 Actual manufacturing overhead Actual direct labor hours Under applied overhead Overapplied overhead Adans Company $190,500 20,000 Baird Company $220,00 21,000 19,500 $ 27,000 es 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 Cost of Goods Sold adj Adjusting Entry for Baird Company Manufacturing Overhead Cost of Goods Sold ad