Exercise 11-7A Treatment of overapplied or underapplied overhead LO 11-2 Perez Company and Rundle Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is available for the companies for the year: Actual direct labor cost Estimated direct labor cost Actual manufacturing overhead cost Estimated manufacturing overhead cost Perez Company $154,000 159,000 54,300 77,910 Rundle Company $179,000 110,000 90,800 97,900 Required a. Compute the predetermined overhead rate for each company. b. Determine the amount of overhead cost that would be applied to Work in Process Inventory for each company. c. Compute the amount of overapplied or underapplied manufacturing overhead cost for each company. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the predetermined overhead rate for each company. (Round your answers to 2 decimal places.) Predetermined Overhead direct labor dollar Perez Company Rundle Company direct labor dollar Required.B Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the amount of overhead cost that would be applied to Work in Process Inventory for each company intermediate calculations.) Overhead Cost Perez Company Rundle Company