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.

At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,517,000. The manager also estimated the following overhead costs for the year. Indirect labor $ 560,900 Rent on factory building 141,700 Factory utilities 157,700 Depreciation-Pactory equipment 481,700 Repairs expense-Factory equipment 61,700 Indirect materials 106,500 Total estimated overhead costs $ 1,510,200 For the year, the company incurred $1.525,100 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $605,700: Job 202, $564,700: Job 203, $299,700: Job 204, $717700; and Job 205, $315,700. In addition, Job 206 is in process at the end of the year and had been charged $18,700 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 Reg 1B Reg 10 Reg 2 Determine the predetermined overhead rate for the year. Predetermined overhead rate Numerator: Denominator: Predetermined overhead rate Predetermined overhead rate 1 ROLA Req 18 > At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,517,000. The manager also estimated the following overhead costs for the year. Indirect labor Rent on factory building Factory utilities Depreciation-Factory equipment Repairs expense-Factory equipment Indirect materials Total estimated overhead costs $ 560,900 141,700 157,700 481,700 61,700 106,500 $ 1,510,200 For the year, the company incurred $1,525,100 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $605700, Job 202, $564,700; Job 203, $299,700: Job 204, $717700; and Job 205, $315,700. In addition, Job 206 is in process at the end of the year and had been charged $18,700 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. 201 Req 1A Req 18 Reg 10 Reg 2 Determine the overhead applied to each of the six jobs during the year. Job Number Direct Labor Overhead applied $ 605,700 202 564,700 299,700 204 717,700 205 315,700 206 18.700 Total $ 2,522,200 203 At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,517,000. The manager also estimated the following overhead costs for the year. Indirect labor $ 560,900 Rent on factory building 141,700 Factory utilities 157, 700 Depreciation-Factory equipment 481,700 Repairs expense-Factory equipment 61,700 Indirect materials 106,500 Total estimated overhead costs $ 1,510,200 For the year, the company incurred $1,525,100 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $605,700; Job 202. $564,700; Job 203, $299,700; Job 204, $717,700; and Job 205, $315,700. In addition, Job 206 is in process at the end of the year and had been charged $18,700 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. Reg 1A Req 18 Req1C Reg 2 Determine the over- or underapplied overhead at the year-end. Factory Overhead 141.700 At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,517,000. The manager also estimated the following overhead costs for the year. Indirect labor $ 560,900 Rent on factory building Factory utilities 157,700 Depreciation-Factory equipment 481,700 Repairs expense-Factory equipment 61,700 Indirect materials 106,500 Total estimated overhead costs $ 1,510,200 For the year, the company incurred $1.525,100 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201. $605,700Job 202. $564,700: Job 203, $299,700; Job 204, $717700; and Job 205, $315,700. In addition, Job 206 is in process at the end of the year and had been charged $18,700 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. 1c 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 Reg 1B Reg 1C Reg 2 Prepare the entry to close any over- or underapplied overhead to cost of Goods Sold at year-end. View transaction Hist Journal entry worksheet 1 Record the entry to allocate any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. Note: Enter debits before credits General Journal Debit Credit Dato December 31 Record entry Clear entry View general Journal