Different companies use different bases in computing their predetermined overhead rates. From the following data compute the predetermined rate used by each company. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Compute the overhead for each company. Assume the actual hours and cost data were: 2. Compute the overhead for each company. 3. Prepare the journal entries to adjust for overallocated or underallocated overhead to Cost of Goods Sold for each company