Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to question 1 At the beginning of the year, Learer Company's manager estimated 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 the year 20 nos $321,200 156,000 142.000 90,00 70, Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs 490,00 62,00 70,000 38.000 $1.440,000 At year-end, records show the company incurred $1542.000 of actual overhead costs, it completed and sold five jobs with the following direct labor costs: Job 201. $606,000; Job 202. $565.000, Job 203. $300,000: Job 204, $718,000, and Job 205, 316,000 In addition, Job 206 is in process at the end of the year and had been charged $19.000 for direct labor. No jobs were in process at the beginning of the year. The company's predetermined overhead rate is based on direct labor cost Required 1-a. Determine the predetermined overhead rate for the year 1-b. Determine the total overhead cost applied to each of the six jobs during the year, 1-c. Determine the over or underapplied overhead at the year-end, 2. Assuming that any over or underapplied overhead is not material prepare the adjusting entry to allocate any over or underappled overhead to Cost of Goods Sold at the end of the year Answer is not complete. Complete this question by entering your answers in the tabs below. Prev 1 of 1 fil Next Return to que In addition, Job 206 is in process at the end of the year and had been charged $19,000 for direct labor. No jobs were in process at the beginning of the year. The company's predetermined overhead rate is based on direct labor cost. Required 1-a. Determine the predetermined overhead rate for the year. 1-b. Determine the total overhead cost applied to each of the six Jobs during the year 1-c. Determine the over- or underapplied overhead at the year-end. 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 the year. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 1C Reg 2 Determine the predetermined overhead rate for the year Pressetermine toverhead rate Choose Denominator: 7 Choose Numerator: Accounts receivable l/ Predetermined overhead rate Predetermined overhead rate 0 Reg 10 > 20 point In addition, Job 206 is in process at the end of the year and had been charged $19.000 for direct labor. No jobs were in process at the beginning of the year. The company's predetermined overhead rate is based on direct labor cost. Required 1-a. Determine the predetermined overhead rate for the year 1-b. Determine the total overhead cost applied to each of the six jobs during the year 1-c. Determine the over- or underapplied overhead at the year-end. 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 the year, Answer is not complete Complete this question by entering your answers in the tabs below. Req1A Real Regic Reg2 Determine the total overhead cost applied to each of the sex jobs during the year Overhead cost applied Joh No 201 202 203 204 200 206 Total Dirt Labor $ 600,000 565,000 300.000 718,000 316,000 19.000 $ 2,524,000 $ 0 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate 1 20 points In addition, Job 206 is in process at the end of the year and had been charged $19,000 for direct labor. No jobs were in process a beginning of the year. The company's predetermined overhead rate is based on direct labor cost. Required 1-a. Determine the predetermined overhead rate for the year 1-6. Determine the total overhead cost applied to each of the six jobs during the year. 1-c. Determine the over- or underapplied overhead at the year-end. 2. Assuming that any over- or underapplied overhead is not material, prepare the adjusting entry to allocate any over- or underapa overhead to Cost of Goods Sold at the end of the year. Answer is not complete Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Faha 10 Reg 2 Determine the over or underapplied overhead at the year-end Factory Overhead 0 (Me Graw Prev 1 of 1 !!! Next Check my work mode : This shown what is correct or incorrect for the work you have completed 0 tor. I does not indicate completion Return to question 20 points At year and records show the company incurred S1,542.000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 2015606,000, Job 202 $565,000, Job 203, $300,000: Job 204 $718,000, and Job 205, 316,000 In addition, Job 206 is in process at the end of the year and had been charged $19,000 for direct labot. No jobs were in process at the beginning of the year. The company's predetermined overhead rate is based on direct labor cost Required 1-a. Determine the predetermined overhead rate for the year 1-b. Determine the total overhead cost applied to each of the sixjobs during the year 1-c. Determine the over. of underapplied overhead at the year end. 2. Assuming that any over- or underapplied overhead is not material prepare the adjusting entry to allocate any over of undeplied overhead to Cost of Goods Sold at the end of the year Answer is not complete. Complete this question by entering your answers in the tabs below. HIA 10 Rec R2 Assuming that any over or underapplied overhead is not material, prepare the adjusting entry to allocate any avero underappled overheat to cost of Goods Sold at the end of the year Ne Date General Journal Det Cred