n 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 $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-Pactory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 324,200 355,000 145,000 93,000 73,000 750,000 65,000 73,800 41,000 $1,920,000 At the end of 2017, records show the company incurred $1,575,000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $609,000; Job 202, $568,000; Job 203, $303,000, Job 204, $721,000; and Job 205, $319,000. In addition, Job 206 is in process at the end of 2017 and had been charged $22,000 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. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Reg 2 Determine the predetermined overhead rate for 2017. Prodetermined overhead rate Choose Denominator: Choose Numerator: Predetermine overhead rate Predetermine overhead rate Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 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 $ 609,000 202 568,000 203 303,000 204 721,000 205 319,000 206 22,000 Total $ 2,542,000 Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 1C Reg 2 Determine the over- or underapplied overhead at year-end 2017. Factory Overhead Reg 1A Reg 1B Reg 1C Reg 2 Assuming that any over- or underapplied overhead is not material, prepare the adjusting entry to allocate any over- or overhead to Cost of Goods Sold at the end of 2017. View transaction list Journal entry worksheet