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At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2.501,000. The manager also estimated the following overhead costs for the year. Indirect labor Rent on factory building Factory utilities $ 559,300 140,100 156,100 480,100 Depreciation-Factory equipment Repairs expense-Factory equipment Indirect materials 60,100 104,900 1 Total estimated overhead costs $1,500,600 For the year, the company incurred $1,520,300 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $604,100, Job 202, $563,100, Job 203, $298,100. Job 204, $716,100; and Job 205, $314,100. In addition, Job 206 is in process at the end of the year and had been charged $17,100 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. Required 1-a. 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. Req 1A Req 18 Req 1C Reg. 2 Determine the predetermined overhead rate for the year. Numerator: Predetermined overhead rate Predetermined overhead rate Predetermined overhead rate: Denominator: estimated the following overhead costs for the year. Indirect labor Rent on factory building Factory utilities $ 559,300 140,100 156,100 480,100 Depreciation-Factory equipment Repairs expense-Factory equipment Indirect materials 60,100 104,900 Total estimated overhead costs $1,500,600 Print For the year, the company incurred $1,520,300 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $604,100; Job 202, $563,100, Job 203, $298,100, Job 204, $716,100; and Job 205, $314.100. In addition, Job 206 is in process at the end of the year and had been charged $17,100 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. rences Required 1-a. 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. Req 1A Req 1B Req 1C Req 2 Determine the overhead applied to each of the six jobs during the year. Job Number Direct Labor Overhead applied S 604,100 563.100 298,100 716,100 314,100 17,100 $ 2,512,600 201 202 203 204 205 206 Total estimated the following overhead costs for the year. Indirect labor $ 559,300 140,100 Rent on factory building Factory utilities 156,100 480,100 Depreciation-Factory equipment Repairs expense-Factory equipment Indirect materials 60,100 104,900 $1,500,600 Total estimated overhead costs For the year, the company incurred $1,520,300 of actual overhead costs. It completed and sold five jobs with the following direct labor costs. Job 201, $604,100, Job 202. $563,100, Job 203, $298,100, Job 204, $716,100. and Job 205, $314,100. In addition, Job 206 is in process at the end of the year and had been charged $17,100 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. Required 1-a. 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 1B Req 1C Reg 2 Determine the over- or underapplied overhead at the year-end. Factory Overhead ra. Detene me prevelemineu uvereau late 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. Req 1A Req 1B Req 1C 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

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