At the beginning of the year, Learer Company's manager estimated total direct labor cost assuming 55 persons working an average of 2,000 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for the year. Indirect labor 5 261,200 Factory supervision 151i , 000 Rent on factory building 152,000 Factory utilities 100 , 000 Factory insurance expired 0 0 , 00 0 litepreoiaticzu'iill'ad:'t'.orlr equipment 4 00 , 000 Repairs. expenseFactory equipment 1'2 , 00 0 Factory supplies used 30 , 800 Miscellaneous production costs 4 H , 0|] 0 Total estimated overhead costs 5 1 . 4 30 a 000 At year-end, records show the company incurred $1,711,000 of actual overhead costs. It completed and sold ve jobs with the following direct labor costs: Job 201. $616,000; Job 202, $535,000; Job 203, $310,000; Job 204, $728,000; and Job 205, $326,000. In addition. Job 205 is in process at the end of the year and had been charged $29,000 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-e. 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-:. 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 enterlng your answers In the tolls below. Determine the predeberrnlned overhead rabe for the year. Predetermined overhead rate