In December 2016, 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 $ 327,200 Factory supervision 149,000 Rent on factory building 148,000 Factory utilities 96,000 Factory insurance expired 76,000 Depreciation-Factory 515,000 equipment Repairs expense-Factory 68,000 equipment Factory supplies used 76,800 Miscellaneous production 44,000 costs Total estimated overhead $1,500,000 costs At the end of 2017, records show the company incurred $1,941,000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $612,000; Job 202, $571,000; Job 203, $306,000; Job 204, $724,000; and Job 205, $322,000. 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-a. Determine the predetermined overhead rate for 2017. 1-b. Determine the total overhead cost applied to each of the six jobs during 2017. 1-c. 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 this question by entering your answers in the tabs below. Req 1A Req 1B Req 1c Req 2 Determine the predetermined overhead rate for 2017. Choose Numerator: Predetermined overhead rate Predetermine Choose Denominator: overhead rate Predetermine overhead rate K Reg 1A Req 1B >