ABC Company estimates that total factory overhead costs will be $1,200,000 for the year. Direct labor hours are estimated to be 300,000 hours. During the May, ABC Company accumulated 10,000 hours of direct labor costs on Job 10 and 12,000 hours on Job 11. (5 points) Instructions: a) Calculate the predetermined factory overhead rate using direct labor hours as the activity base. b) Calculate the amount of factory overhead applied to Jobs 10 and 11 in May. c) Prepare the journal entry to apply factory overhead to both jobs in May according to the predetermined overhead rate.