Exercise 11-6A (Algo) Recording overhead costs in T-accounts LO 11-2 Zachary Company and Adams 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. Required Compute the predetermined overhead rate for each company. 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. Compute the predetermined overhead rate for each company. Note: Round your answers to 2 decimal places