Exercise $11-6$A $($Algo$)$ Recording overhead costs in T$-$accounts LO $11-2$

Solomon Company and Stuart Company both apply overhead to the Work in Process Inventory account using direct labor hours. The

following information is available for both companies for the year.

Required

a$.$ Compute the predetermined overhead rate for each company.

b$.$ Using T$-$accounts, record the entry to close the overapplied or underapplied overhead at the end of the accounting period for each

company, assuming the amounts are immaterial.

Complete this question by entering your answers in the tabs below.

Compute the predetermined overhead rate for each company.

Note: Round your answers to $2$ decimal places.