Problem 19-4A overhead allocation and adjustment using a predetermined overhead rate LO P3, P4 In December 2014, Learer Company's manager estimated next year's total direct labor cost assuming 50 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 year 2015. Indirect labor 319,200 240,000 Factory supervision 140,000 Rent on factory building Factory utilities 88,000 Factory insurance expired 68,000 Depreciation-Factory 480,000 equipment Repairs expense-Factory 60,000 equipment 68,800 Factory supplies used Miscellaneous production 36,000 costs Total estimated overhead $1,500,000 costs At the end of 2015, records show the company incurred $1,520,000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $604,000; Job 202, $563,000; Job 203, $298,000; Job 204, $7 16,000, and Job 205, $314,000. In addition, Job 206 is in process at the end of 2015 and had been charged $17,000 for direct labor No jobs were in process at the end of 2014. The company's predetermined overhead rate is based on direct labor cost