At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,512,000. The manager also estimated the following overhead costs for the year. 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 underopplied overhead at the year-end. 2. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold at year-end