At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,516,000. 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. For the year, the company incurred $1,524,800 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $605,600; Job 202, $564,600; Job 203, $299,600; Job 204, $717,600; and Job 205, $315,600. In addition, Job 206 is in process at the end of the year and had been charged $18,600 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. $ 560,800 141,600 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. Req 1A 157,600 481,600 61,600 106,400 $ 1,509,600 Complete this question by entering your answers in the tabs below. Req 18 Req 1C Req 2 Determine the predetermined overhead rate for the year.. Predetermined overhead rate