Business, 09.12.2021 15:50, bale4

Walton Company and Zachary Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is available for the companies for the year: Walton Company Zachary Company Actual direct labor cost$149,000 $174,000 Estimated direct labor cost 154,000 100,000 Actual manufacturing overhead cost 54,700 90,100 Estimated manufacturing overhead cost 70,840 87,000 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.

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Walton Company and Zachary Company assign manufacturing overhead to Work in Process Inventory using...