Rundle Company and Rooney Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is available for the companies for the year:

Rundle Company Rooney Company

Actual direct labor cost $ $147,000$ $ $172,000$

Estimated direct labor cost $152,000102,000$

Actual manufacturing overhead cost $54,10090,200$

Estimated manufacturing overhead cost $72,96091,800$

Required

Compute the predetermined overhead rate for each company.

Determine the amount of overhead cost that would be applied to Work in Process Inventory for each company.

Compute the amount of overapplied or underapplied manufacturing overhead cost for each company.