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Rooney Company and Solomon Company both apply overhead to the Work In Process Inventory account using direct labor hours. The following Information is available for

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Rooney Company and Solomon 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 Actual direct labore hours Underappiled averhead Dyer applied overhead Rooney Company $146,450 23.000 Solomon Company $311,000 20,000 17.000 $ 29,500 Required 6. Compute the predetermined overhead rate for each company b. Using 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 Answer is not complete, Complete this question by entering your answers in the tabs below. llowed Segured Usino Taccounts record the entry to close the overapolled or under applied overhead at them of the accountinoplod for each Company, assuming the mountate immaterial 6. Compute the predetermined overhead rate for each company. b. Using l-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. Answer is not complete. Complete this question by entering your answers in the tabs below, Required 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 Rooney Company Manufacturing Overhead Cost of Goods Sold Adjusting Entry for Solomon Company Manufacturing Overhead Cost of Goods Sold

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