In December z016, Learer Companys manager estimated next year's total direct labor cost assuming 45 persons working an average of 2,000 hours each at an average wage rate of $30 per hour. The manager a so estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on foy building Factory utilities Factory insurance expi Depreciation Factory 337,200 186,000 158,000 106,000 86,000 red 528,000 Repairs expense Factory 78,000 Factory supplies used Niscellaneous production 86,800 54,000 Total estimated overhead 1,620,000 At the end of 2017, records show the company incurred $1,594,000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $622,000; Job 202, $581,000; Job 203, $316,000; Job 204, $734,000; and Job 205, $332,000. In addition, Job 206 is In process at the end of 2017 and had been charged $35,000 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 Requirec 1-a. Determine the predetermined overhead rate for 2017 1-b. Determine the total overhead cost app ed to each of the six jobs during 2017. 1-C. Determine the over- or underapplied overhead at year-end 2017 2. Assuming that any ower-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