At the beginning of the year, Learer Company's manager estimated total direct labor cost assuming 40 persons working an average of 2,000 hours each at an average wage rate of $25 per hour. The manager also estimated the following manufacturing overhead costs for the year. Indirect labor Factory supervision Rent on factory building $ 327,200 149,000 148,000 Factory utilities 96,000 Factory insurance expired 76,000 Depreciation-Factory equipment 515,000 Repairs expense-Factory equipment Factory supplies used 68,000 76,800 Miscellaneous production costs 44,000 Total estimated overhead costs $1,500,000 At year-end, records show the company incurred $1,941,000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $612,000; Job 202, $571,000; Job 203, $306,000; Job 204, $724,000; and Job 205, $322,000. In addition, Job 206 is in process at the end of the year and had been charged $25,000 for direct labor. No jobs were in process at the beginning of the year. The company's predetermined overhead rate is based on direct labor cost. Required 1-a. Determine the predetermined overhead rate for the year. 1-b. Determine the total overhead cost applied to each of the six jobs during the year. 1-c. Determine the over- or underapplied overhead at the year-end. 2. Assuming that any over- or underapplied overhead is not material, prepare the adjusting entry to allocate any over- or underapplied overhead to Cost of Goods Sold at the end of the year. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2 Determine the predetermined overhead rate for the year. Predetermined overhead rate / Choose Denominator: = Predetermined overhead rate Estimated direct labor cost = Predetermined overhead rate = Choose Numerator: Estimated overhead costs 1,500,000/