In December 2015, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 2,000 hours each at an average wage rate of $25 per hour. The manager also estimated the following manufacturing overhead costs for 2017. Indirect labor 5 327,200 Factory supervision 149,000 Rent on factory building 148.000 Factory utilities 96.000 Factory insurance expired T6,000 DepreciationFactory equipment 515,000 Repairs expenseFactory equipment 68,000 Factory supplies used 76,800 Miscellaneous production costs 44,000 Total estimated overhead costs $1,500,000 At the end of 2017. records show the company incurred $1,941,000 of actual overhead costs. It completed and sold ve jobs with the following direct labor costs: Job 201, Sit-312.000; Job 202, $571,000; Job 203, $306,000; Job 204. $724,000; and Job 205. $322000. In addition, Job 206 is in process at the end of 2017 and had been charged $25,000 for direct labor. No jobs were in process at the end of 2016. The company's predetermined overhead rate is based on direct labor cost. Required 1-e. Detem'line the predetermined overhead rate for 2011. 1-b. Determine the total overhead cost applied to each of the six jobs during 201?. 1-:. Determine the over- or underapplied overhead at year-end 2017. 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 2017. Complete thls question by enterlng your omens In the tells below. Req 1A Reg 13 Reg 1C Reg 2 Determine the predetermlned overhead rate for 201?. Predeten'nine overhead rate Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2 Determine the total overhead cost applied to each of the six jobs during 2017. Job No. Direct Labor Overhead cost applied 201 $ 612,000 202 571,000 203 306,000 204 724,000 205 322,000 206 25,000 Total $ 2,560,000 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2 Determine the over- or underapplied overhead at year-end 2017. Factory Overhead Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 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 2017. View transaction list Journal entry worksheet Record the entry to allocate any overapplied or underapplied overhead to Cost of Goods Sold at the end of year 2017. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal