At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,517,000. The manager also estimated the following overhead costs for the year. For the year, the company incurred $1,525,100 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, \$605,700; Job 202, \$564,700; Job 203, \$299,700; Job 204, \$717,700; and Job 205, \$315,700, In addition, Job 206 is in process at the end of the year and had been charged $18,700 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 yeat, 1.b. Determine the overhead applied to each of the sixjobs 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. Determine the predetermined overhead rate for the year. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{1}{|c|}{ Predetermined overhead rate } \\ \hline Numeratar & Deniominator: & = & Predotermined overhead rate \\ \hline & 1 & = & Prodetermined overheod rate \\ \hline & 1 & & = \\ \hline \end{tabular} Determine the overhead applied to each of the six jobs during the year. Determine the over-or underapplied overhead at the year-end. 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