Problem 15-4A Overhead allocation and adjustment using a predetermined overhead rate LO P3, P4 In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 25 persons working an average of 3,000 hours each at an average wage rate of $30 per hour. The manager also estimated the following manufacturing overhead costs for 2017 eBook 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 $ 339,200 159.000 160.000 108.000 38.000 486.000 80.000 89.00 55,000 $1.575.000 At the end of 2017, records show the company incurred $1,863,000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 201, 5624,000: Job 202, 5583,000: Job 203, 5318,000: Job 204, $736,000, and Job 205. $334.000 In addition, Job 206 is in process at the end of 2017 and had been charged $37,000 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. Check my work 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 1c. 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. points Complete this question by entering your answers in the tabs below. Reg LA Req 13 Req1C Reg 2 Determine the predetermined overhead rate for 2017 Predetermined overhead rate Choose Denominator: stated director cost Choose Numerator estimated overhead costs Predetermine overhead rate Preden overhead Reg 10 > + Complete this question by entering your answers in the tabs below. 20 points Req IA Reg 1B Reg C Reg 2 !! Determine the total overhead cost applied to each of the six jobs during 2017 Job No Direct Labor Overhead cost applied 201 $ 624.000 202 318.000 736.000 114 000 37.000 $2612 000 $ Complete this question by entering your answers in the tabs below. Reg 1A Reg 10 Rag 1C Reg 2 points Determine the over- or underapplied overhead at year-end 2017. Factory Overhead Actus vertad cost Applied overhead cost Underapplied overhead 0 Complete this question by entering your answers in the tabs below. pots Rag A Reg 13 Reg C Reg 2 eBook Assuming that any over or underapplied overhead is not material, prepare the adjusting entry to locate any over or underapplied overhead to cost of Goods Sold at the end of 2017 View transactions No Date View ournalenry worksheet General Journal Costos sod Factory Overhead Debit Credit Dec 31 RIC