8 2 points eBook Print 10 References At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,518,000. 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 For the year, the company incurred $1,525,400 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $605,800; Job 202, $564,800; Job 203, $299,800; Job 204, $717,800; and Job 205, $315,800. In addition, Job 206 is in process at the end of the year and had been charged $18,800 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 $ 561,000 141,800 157,800 481,800 61,800 106,600 $ 1,510,800 Req 1B Req 1C $ Req 2 Determine the over- or underapplied overhead at the year-end. 1,525,400 Total actual overhead cost Total applied overhead cost Overapplied overhead

At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,518,000. The manager aso estimated the following overhead costs for the year. For the yeac the company incurred $1525.400 of actual overthead costs. It completed and sold five jobs with the following direct labor in process at the end of the yeac and had been charged $18,800 for diect labor. No jobs were in process at the begrning of the yeat The companys predetermined ovethead rate is based on a petcert of direct labor cost. Required: 1.a. Determine the predetermined overhead rate for the year. 1.b. Determine the overheod applied to each of the sus jobs during the year 1.e. Determine the over- or underapplied overnead at the year-end 2. Piepare the entry to close any over-or underepplied overhead to Cost of Goods Sold at year-end Complete this question by entering your answers in the tabs below. Determine the overv or ungerapptied overhead at the yeatiend. At the beginuing of the year. Learer Company's manager estumated total direct labor cost to be \$2,5:8,000. The manager also estimated the following overhead costs for the year. For the year, the company incurred $1,525,400 of actual overhesd costs it completed and sold five jobs with the following direct labor in process at the end of the year and had been charged $18,800 for direct labor. No jobs were in process at the beginning of the year The company's predetermined overhesd 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 overnead applied to each of the sto jobs during the year. 1.- Determine the-over-or underapplied overhead at the year-end 2 Prepace 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. Determine the over- or underappled pworhad at the year-end