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. Indirect labor Rent on factory building Factory utilities Depreciation-Factory equipment Repairs expense-Factory equipment Indirect materials $ 560,900 141,700 157,700 Total estimated overhead costs 481,700 61,700 106,500 1,510,200 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 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 overhead applied to each of the six jobs during the year. Job Number Direct Labor Overhead applied 201 $ 605,700 202 564,700 203 299,700 204 717,700 205 315,700 206 18,700 Total $ 2,522,200 < Req 1A Req 1C >