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. For the year, the company incurred $1,522,700 of actual overhead costs. It completed and sold five jobs with the following direct 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 2 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 y 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. 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. Determine the predetermined overhead rate for the year