In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 3,000 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor $ 316, 200 Factory supervision 188,800 Rent on factory building 147,000 Factory utilities 95,000 Factory insurance expired 75, eee Depreciation-Factory equipment 521,000 Repairs expense-Factory equipment 67,000 Factory supplies used 75,800 Miscellaneous production costs 43,000 Total estimated overhead costs $1,440,000 At the end of 2017, records show the company incurred $1,568,000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $611,000: Job 202, $570,000: Job 203, 5305,000, Job 204, $723,000; and Job 205, $321,000. In addition, Job 206 is in process at the end of 2017 and had been charged $24,000 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. Reg 1A Req 18 Req1C Reg 2 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 overhead to Cost of Goods Sold at the end of 2017 Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1C Reg 2 Determine the predetermined overhead rate for 2017 Predetermined overhead rate Choose Denominator: Choose Numerator: Predetermine overhead rate Predetermine overhead rate Reg 1B > 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 allocat overhead to Cost of Goods Sold at the end of 2017 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Reg 2 Determine the total overhead cost applied to each of the six jobs during 2017 201 Job No. Direct Labor Overhead cost applied $ 611,000 202 570,000 305,000 723,000 205 321,000 206 24,000 Total $ 2,554,000 PU. Det me tudi uvernedd 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 overhead to Cost of Goods Sold at the end of 2017. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 10 Reg 2 Determine the over- or underapplied overhead at year-end 2017. Factory Overhead View transaction list Journal entry worksheet Record the entry to allocate any overapplied or underapplied overhead to Cost of Goods Sold at the end of year 2017 Note: Enter debits before credits Date General Journal mal Debit Debit Credit Dec 31 Record entry Clear entry View general Journal