In December 2010, Gomez Company%u2019s manager estimated next year%u2019s 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	$	167,950
Factory supervision		127,000
Rent on factory building		74,000
Factory utilities		44,400
Factory insurance expired		34,500
Depreciation%u2014Factory equipment		240,000
Repairs expense%u2014Factory equipment		31,900
Factory supplies used		35,900
Miscellaneous production costs		17,000
Total estimated overhead costs	$	772,650

At the end of 2011, records show the company incurred $747,062 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $364,000; Job 202, $331,000; Job 203, $168,000; Job 204, $423,000; and Job 205, $189,000. In addition, Job 206 is in process at the end of 2011 and had been charged $11,200 for direct labor. No jobs were in process at the end of 2010. The company%u2019s 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.)

Overapplied 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	Factory overhead
	Cost of goods sold