At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,507,000. The manager also estimated the following overhead costs for the year. Indirect labor Rent on factory building Pactory utilities Depreciation-Factory equipment Repairs expense-Factory equipment Indirect materials. Total estimated overhead costs $559,900 140,700 156,700 480,700 60,700 105,500 $ 1,504,200 For the year, the company incurred $1,522,100 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $604,700; Job 202, $563,700; Job 203, $298,700; Job 204, $716,700; and Job 205, $314,700. In addition, Job 206 is In process at the end of the year and had been charged $17,700 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. Req 1A Req 18 Req 1C Req 2 Determine the predetermined overhead rate for the year.