In December 2010, Gomez Companys manager estimated next years total direct labor cost assuming 50 persons working an average of 2,020 hours each at an average wage rate of $15 per hour. The manager also estimated the following manufacturing overhead costs for year 2011.

Indirect labor	$	167,650
Factory supervision		123,000
Rent on factory building		76,000
Factory utilities		46,000
Factory insurance expired		35,100
DepreciationFactory equipment		249,000
Repairs expenseFactory equipment		31,500
Factory supplies used		34,400
Miscellaneous production costs		10,000
Total estimated overhead costs	$	772,650

At the end of 2011, records show the company incurred $723,096 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $348,000; Job 202, $324,000; Job 203, $167,000; Job 204, $416,000; and Job 205, $174,000. In addition, Job 206 is in process at the end of 2011 and had been charged $10,600 for direct labor. No jobs were in process at the end of 2010. The companys predetermined overhead rate is based on direct labor cost.

Required
1a.	Determine the predetermined overhead rate for year 2011. (Omit the "%" sign in your response.)

Predetermined overhead rate

%

1b.	Determine the total overhead cost applied to each of the six jobs during year 2011. (Omit the "$" sign in your response.)

Job No.	Applied Overhead
201	$
202
203
204
205
206
Total	$

1c.	Determine the over- or underapplied overhead at year-end 2011. (Input all amounts as positive values.Omit the "$" sign in your response.)

(Click to select)Overapplied overheadUnderapplied overhead

$

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 year 2011. (Omit the "$" sign in your response.)

Date	General Journal	Debit	Credit
Dec. 31	(Click to select)Finished goods inventoryAccounts receivableCashFactory overheadGoods in process inventorySalesCost of goods soldFactory payroll
	(Click to select)Cost of goods soldCashFactory payrollAccounts receivableFactory OverheadSalesGoods in process inventoryFinished goods inventory