In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 25 persons working an ave of 2,000 hours each at an average wage rate of $40 per hout. The manager also estimated the following manufacturing overhea costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production coute total estimated overhead conto $322,200 219,000 103,000 91,000 71.000 380,000 63,000 71,00 39.000 51,400,000 At the end of 2017, records show the company incurred $1,810,000 of actual overhead costs. It completed and sold five jobs with following direct labor costs Job 201 $607000: Job 202, $566,000; J{. 203, $301.000; Job 204, $ 719,000; and Job 205, 531700 addition, Job 206 is in process at the end of 2017 and had been charged $20,000 for direct labor. No jobs were in process at the 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 underapp overhead to Cost of Goods Sold at the end of 2017