Exercise 11-6A (Algo) Recording overhead costs in T-accounts LO 11-2 Solomon Company and Stuart 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. Solomon Company Stuart Actual manufacturing overhead Actual direct labor hours Underapplied overhead Overapplied overhead Required Company $167,900 $257,300 24,000 26,000 15,500 $ 20,500 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 Solomon Company Predetermined overhead rate : Required A Stuart Company Required B >