Exercise 11-6A (Algo) Recording overhead costs in T-accounts LO 11-2 Rundle Company and Rooney 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. Actual manufacturing overhead t Actual direct labor hours Underapplied overhead Overapplied overhead. Required Rundle Company Rooney Company $139,150 $262,250 21,000 25,000 11,000 $ 21,500 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 Rundle Company Predetermined overhead rate i Rooney Company Required A Required B> ces Rundle Company and Rooney Company both apply overhead to the Work in Process Inventory account using direct labor how following information is available for both companies for the year. Actual manufacturing overhead Actual direct labor hours Underapplied overhead Overapplied overhead Required Rundle Company Rooney Company $139,150 $262,250 21,000 25,000 11,000 $ 21,500 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 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 Rundle Company: Manufacturing Overhead Cost of Goods Sold Adjusting Entry for Rooney Company: Manufacturing Overhead Cost of Goods Sold < Required A Required B >