At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,519,000. 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 $ 561,100 141,900 157,900 481,900 61,900 106,7ee $ 1,511,400 For the year, the company incurred $1,525,700 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $605,900, Job 202, $564,900; Job 203, $299,900; Job 204, $717,900; and Job 205, $315,900. In addition, Job 206 is in process at the end of the year and had been charged $18,900 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 1B Req 1C Req 2 Determine the over- or underapplied overhead at the year-end. Factory Overhead 1,525,700 Actual overhead cost Applied overhead cost Underapplied overhead costs: Job 201, $605,900; Job 202, $564,900; Job 203, $299,900; Job 204, $717,900; and Job 205, $315,900. In addition, Job 206 is in process at the end of the year and had been charged $18,900 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. Reg 1A Reg 1B Reg 1c Reg 2 Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold at year-end. View transaction list Journal entry worksheet Record the entry to allocate any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Cost of goods sold Factory overhead