Campbell Company and Fanning 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 Campbell Fanning Company Company Actual manufacturing overhead $182,400 $234, 350 Actual direct labor hours 28,000 23,000 Underapplied overhead 17,000 Overapplied overhead $ 22,000 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 Compute the predetermined overhead rate for each company. (Round your answers to 2 decimal places.) Per Direct Labor Hour Campbell Company Fanning Company Predetermined overhead rate Reguld A Required B > Campbell Company and Fanning 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 Campbell Fanning Company Company Actual manufacturing overhead $182,400 $234,350 Actual direct labor hours 28,000 23,000 Underapplied overhead 17,000 Dveranplied overhead $ 22,000 Required 2. 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 Campbell Company Manufacturing Overhead Cost of Goods Sold Adjusting Entry for Fanning Company Manufacturing Overhead Cost of Goods Soid