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141,800 481,800 61,800 106,600 At the beginning of the year Learer Company's manager estimated total direct labor cost to be $2,518,000. The manager also estimated the following overhead costs for the year, Indirect labor $ 561,000 Rent on factory building Factory utilities 157,800 Depreciation-Factory equipment Repairs expense-Factory equipment Indirect materials Total estimated overhead costs $ 1,510,880 For the year, the company incurred $1,525,400 of actual overhead costs. It completed and sold five jobs with the following direct lobor costs: Job 201, $605,800, Job 202. $564 800: Job 203. $299,800, Job 204, $717,800, and Job 205, $315,800 In addition, Job 206 is in process at the end of the year and had been charged $18,800 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. Q Required 1-. Determine the predetermined overhead rate for the year. 1-b. Determine the overhead applied to each of the six jobs during the year. 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. Reg 1A Reg 13 Requc R2 Determine the predetermined overhead rate for the year. Numerator Predetermined overhead rate Denominator 1 Predetermined overhead rate Predetermined overhead rate RA Reg 18> Req 1A Req 1B Req 10 Reg 2 Determine the overhead applied to each of the six jobs during the year. Job Number Overhead applied 201 Direct Labor $ 605,800 564,800 299,800 202 203 204 717.800 205 206 315,800 18,800 $ 2,522,800 Total $ 0 Req 1A Req 1B Reg 10 Req 2 Determine the over- or underapplied overhead at the year-end. Factory Overhead Req 1A Req 1B Req 10 Req 2 Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold at year-end. 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 the year. Note: Enter debits before credits. General Journal Date December 31 Debit Credit Record entry Clear entry View general journal

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