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 $ 561,000 141,800 157,800 481,800 61,800 106,600 $ 1,510,800 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. Una peices of eLLiBU 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. Numerator: 1 Predetermined overhead rate Denominator: Predetermined overhead rate Predetermined overhead rate Reg 1X Req 18>> 1-c. Determine the over- or underapplied overhead at the year-end. jobs during the year. 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 overhead applied to each of the six jobs during the year. Job Number Direct Labor Overhead applied 201 $ 605,800 202 564,800 203 299,800 204 717,800 205 315,800 206 18,800 Total $ 2,522,800 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 over- or underapplied overhead at the year-end. Factory Overhead > View transaction list 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. Date December 31 General Journal Debit Credit