In December 2010, Gomez Companys manager estimated next years total direct labor cost assuming 50 persons working an average of 2,060 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	$	164,150
Factory supervision		127,000
Rent on factory building		89,000
Factory utilities		45,400
Factory insurance expired		35,400
DepreciationFactory equipment		249,000
Repairs expenseFactory equipment		30,500
Factory supplies used		34,500
Miscellaneous production costs		13,000
Total estimated overhead costs	$	787,950

At the end of 2011, records show the company incurred $744,559 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $355,000; Job 202, $337,000; Job 203, $172,000; Job 204, $419,000; and Job 205, $187,000. In addition, Job 206 is in process at the end of 2011 and had been charged $10,900 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)Cost of goods soldSalesFinished goods inventoryGoods in process inventoryFactory payrollCashFactory overheadAccounts receivable
	(Click to select)CashCost of goods soldFactory OverheadGoods in process inventoryFactory payrollAccounts receivableFinished goods inventorySales