Exercise 11-7A (Algo) Treatment of overapplied or underapplied overhead LO 11-2 Baird Company and Benson 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 over head cost Estimated manufacturing overhead cost Baird Company $147,000 152,000 55,700 72.960 Benson Company $172,000 106.000 91.900 87.9RO 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 Compute the predetermined overhead rate for each company. (Round your answers to 2 decimal places.) Baird Company Benson Company Predetermined Overhead direct labor dollar direct labor dollar Exercise 11-7A (Algo) Treatment of overapplied or underapplied overhead LO 11-2 Baird Company and Benson 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 Baird Company $147,000 152,000 55,700 72,960 Benson Company $172,000 106.000 91,900 87,980 Required red 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 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 Baird Company Benson Company Exercise 11-7A (Algo) Treatment of overapplied or underapplied overhead LO 11-2 Process Inventory using direct labor cost. The Baird Company and Benson Company assign manufacturing overhead to work 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 Baird Company $147,000 152,000 55.700 72,960 Benson Company $172,000 106,000 91.900 87,980 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 do Required C Required Compute the amount of overapplied or underapplied manufacturing overhead cost for each company. (Do not round intermediate calculations.) Manufacturing Overhead Amount Over/Under Applied Baird Company Benson Company sed or underapan ( Required B