I need help with last three requirementI need help with last 3 requirement please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) At the beginning of the year, Learer Company's manager estimated total direct labor cost to be $2.513,000. The manager alsőestimated the following overhead costs for the year.Indirect labor:Rent on factory buildingFactory utilitiesDepreciation-Factory equipmentRepairs expense-Factory equipment.Indirect materialsTotal estimated overhead costsFor the year, the company incurred $1,523,900 of actual overhead costs. It completed and sold five job with the following direct laborcosts: Job 201, $605,300; Job 202, $564,300; Job 203, $299,300; Job 204, $717,300; and Job 205, $315,300. In addition, Job 206 isin process at the end of the year and had been charged $18.300 for direct labor. No jobs were in process at the beginning of the year.The company's predetermined overhead rate is based on a percent of direct labor cost.Required:1-a. Determine the predetermined overhead rate for the year.1-b. Determine the overhead applied to each of the six jobs during the year.1-c. Determine the over- or underapplied overhead at the year-end.2. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold at year-end.Reg 1AComplete this question by entering your answers in the tabs below.Reg 18$ 560,500141,300157,300481,30061,300106,100$ 1,507,800Req 1CNumerator:171Determine the predetermined overhead rate for the yearReg 2Predetermined overhead rateDenominator:W==Predetermined overhead ratePredetermined overhead rate Complete this question by entering your answers in the tabs below.Req 1AJournal entry worksheet1Req 1BDetermine the over- or underapplied overhead at the year-end.Total actual overhead costTotal applied overhead costNote: Enter debits before credits.DateDecember31Record entryRecord the entry to allocate any overapplied or underapplied overhead to Costof Goods Sold at the end of the year.Req 1CGeneral JournalReq 2Clear entry< Req 1BDebitCreditView general journalReq 2 >

Name: I need help with last three requirementI need help with last 3 require
Uploaded: 2024-03-20T06:33:06.000Z
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Description: I need help with last three requirementI need help with last 3 requirement please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provi