00 8 2 points At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2.512.000. The manages also estimated the following overhead costs for the year. Indirect labor Hent on factory building Factory utilities Depreciation Factory equipment Repairs expense-Factory equipment Indirect materials $560,000 141,200 157,200 481,200 61,200 106,000 eBlock Pra Total estimated overhead costs $ 1,507,200 For the year, the company incurred $1.523,600 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $605,200; Job 202, $564,200; Job 203, $299,200; Job 204, $717,200, and Job 205, $315.200. In addition, Job 206 is in process at the end of the year and had been charged $18,200 for direct labor. No jobs were in process at the beginning of the year The company's predetermined overhead rate is based on a percent of direct labor cost. Required 1-a. Determine the predetermined overhead rate for the year. 1-b. Determine the overhead applied to each of the six jobs during the year. 1-c. Determine the over- or underapplied overhead at the year-end. 2. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold at year-end Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 2 Determine the predetermined overhead rate for the year. Check 00 8 2 points At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2.512.000. The manages also estimated the following overhead costs for the year. Indirect labor Hent on factory building Factory utilities Depreciation Factory equipment Repairs expense-Factory equipment Indirect materials $560,000 141,200 157,200 481,200 61,200 106,000 eBlock Pra Total estimated overhead costs $ 1,507,200 For the year, the company incurred $1.523,600 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $605,200; Job 202, $564,200; Job 203, $299,200; Job 204, $717,200, and Job 205, $315.200. In addition, Job 206 is in process at the end of the year and had been charged $18,200 for direct labor. No jobs were in process at the beginning of the year The company's predetermined overhead rate is based on a percent of direct labor cost. Required 1-a. Determine the predetermined overhead rate for the year. 1-b. Determine the overhead applied to each of the six jobs during the year. 1-c. Determine the over- or underapplied overhead at the year-end. 2. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold at year-end Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Req 2 Determine the predetermined overhead rate for the year. Check