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Zachary Company and Adams Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is available for the companies

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Zachary Company and Adams 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 Zachary Company $154,000 159,000 54,300 69,960 Adams Company $179,000 110,000 90,700 92,400 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 Zachary Company Adams Company direct labor dollar 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. (Do not round intermediate calculations.) Overhead Cost Zachary Company Adams Company Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the amount of overapplied or underapplied manufacturing overhead cost for each company. (Do not round intermediate calculations.) Manufacturing Overhead Amount Over/Under Applied Zachary Company Adams Company

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