Campbell Company and Fanning Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is available for the companies for the year:

	Campbell Company	Fanning Company
Actual direct labor cost	$ 151,000	$ 176,000
Estimated direct labor cost	156,000	107,000
Actual manufacturing overhead cost	54,800	90,100
Estimated manufacturing overhead cost	70,200	95,230

Required

Compute the predetermined overhead rate for each company.

Determine the amount of overhead cost that would be applied to Work in Process Inventory for each company.

Compute the amount of overapplied or underapplied manufacturing overhead cost for each company.

Compute the predetermined overhead rate for each company. Note: Round your answers to 2 decimal places. Compute the amount of overapplied or underapplied manufacturing overhead cost for each company. Note: Do not round intermediate calculations. Determine the amount of overhead cost that would be applied to Work in Process Inventory for each company. Note: Do not round intermediate calculations