At the beginning of the year. Learer Company's manager estimated total direct labor cost to be $2,509,000. 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 $560,100 140,900 156,900 480,900 60,900 105,700 Total estimated overhead costs $ 1,505,400 For the year, the company incurred $1,522,700 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $604,900; Job 202. $563,900; Job 203, $298,900; Job 204, $716,900; and Job 205, $314,900. In addition, Job 206 is In process at the end of the year and had been charged $17,900 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 1-8. 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. Req 1A Req 1B Req 1C Req 2 Determine the predetermined overhead rate for the year. Numerator: Predetermined overhead rate Denominator: Predetermined overhead rate Predetermined overhead rate KRA Req 1B > 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 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2 Determine the overhead applied to each of the six jobs during the year. Job Number Direct Labor Overhead applied 201 $ 604,900 202 563,900 203 298,900 204 716,900 205 314,900 206 17,900 Total $ 2,517,400 $ < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2 Determine the over- or underapplied overhead at the year-end. Factory Overhead Journal entry worksheet 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. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal