Help Seve & Exit 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. Check Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 261,200 156,000 152,000 100,000 80,000 480,000 72,800 80,800 48,000 $1,430,000 At year-end, records show the company incurred $1,711,000 of actual overhead costs It completed and sold five jobs with the following direct labor costs: Job 201, $616,000, Job 202. $575.000 Job 203, $310,000. Job 204. $728,000, and Job 205. $326,000. In addition, Job 206 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-a. 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-c. Determine the over- or underapplied overhead at the vear end Next