REQ 1C and REQ 2

At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2,519,000. The manager also estimated the following overhead costs for the year. For the year, the company incurred $1,525,700 of actual overhead costs. It completed and sold five jobs with the following direct labo costs: Job 201, \$605,900; Job 202, \$564,900; Job 203, \$299,900; Job 204, \$717,900; and Job 205, \$315,900. In addition, Job 206 is in process at the end of the year and had been charged $18,900 for direct labor. No jobs were in process at the beginning of the year. The company's predetermined overhead rate is based on a percent of direct labor cost. Reculred 1-c. Determine the over- or underapplied overhead at the year-end. 2. Prepare the entry to close any over-or underapplied overhead to Cost of Goods Sold at year-end. Complete this question by entering your answers in the tabs below. Determine the over- or underapplied overhead at the year-end