In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 25 persons working an average of 2,000 hours each at an average wage rate of $40 per hour. The manager also estimated the following manufacturing overhead 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 costs Total estimated overhead costs $322,200 219.000 143,000 91,900 71,000 380,000 63.ece 71,800 39,000 $1,400,000 At the end of 2017, records show the company incurred $1,810,000 of actual overhead costs it completed and sold five jobs with the following direct labor costs: Job 201 5607000. Job 202 $566,000. Job 203, 5301000 Job 204 $719.000, and Job 205 $317.000. In 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 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 sixjobs 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. Reg 1A Reg 18 Reg 10 Reg 2 Determine the predetermined overhead rate for 2017 Predetermined overhead rate Choose Numerator: Choose Denominator: Predetermine overhead tate Predetermine overhead rate Reg 18 > Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Req 10 Reg 2 Determine the total overhead cost applied to each of the six jobs during 2017. Job No. Direct Labor Overhead cost applied 201 $ 607,000 202 566,000 203 301,000 204 719,000 205 317,000 206 20,000 Total $ 2,530,000 Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1C Reg 2 Determine the over- or underapplied overhead at year-end 2017. Factory Overhead Journal entry worksheet