following information is available for both companies for the year. Rundle Company Rooney Company Actual manufacturing overhead Actual direct labor hours Under applied overhead Overapplied overhead $ 214,350 29,000 $ 22,000 Required $ 232,000 22,000 17,500 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 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 Debit Credit Cost of Goods Sold Debit Credit Adjusting Entry for Rooney Company: Manufacturing Overhead Cost of Goods Sold Debit Credit Debit Credit