gibson company and jordan company assign manufacturing overhead to work in process inventory using direct labor cost. the following information is available for the companies for the year: gibson company jordan company actual direct labor cost $ 152,000 $ 177,000 estimated direct labor cost 157,000 103,000 actual manufacturing overhead cost 54,700 91,100 estimated manufacturing overhead cost 72,220 87,550 required compute the predetermined overhead rate for each company.