Question: please read the question carefully and provide clear answer please Finch Company and Franklin Company assign manufacturing overhead to Work in Process Inventory using direct







Finch Company and Franklin Company assign manufacturing overhead to Work in Process Inventory using direct labor cost. The following information is avaliable for the companies for the year: Actual direct labor cost Estimated direct labor cost Actual manufacturing overhead cost Estimated manufacturing overhead cost Finch Company $148, eee 153,000 54,400 61,200 Franklin Company $173,eee 109,000 90,7ee 89,380 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 Required A Required B Required Compute the predetermined overhead rate for each company. (Round your answers to 2 decimal places.) Finch Company Franklin Company Predetermined Overhead direct labor dollar direct labor dollar Required A Refuired 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 Finch Company Franklin Company Required A Required B 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 nces Finch Company Franklin Company
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