(14) points) The estimated total factory overhead cost and total machine hours for Department 40 for the current year are $2,822,400 and 245,000 respectively. During Jan., the first month of the year, actual machine hours used totaled 18,250 and factory overhead cost incurred totaled $206,800. (Round factory overhead rate to 2 decimals and total cost to the nearest dollar.) Determine the pre-determined factory overhead rate based on machine hours. $ What is the Debit amount to Work in Process to apply Factory Overhead for January $ What is the debit or credit balance of Factory Overhead - Deprtment 40 at January 31? Amount $ Debit or Credit balance