Applying Factory Overhead Company estimates that total factory overhead costs will be $300,000 for the year. Direct labor hours are estimated to be 30,000. For Keenan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. direct labor hour During April, Keenan Company accumulated 600 hours of direct labor costs on Job 50 and 860 hours on Job 51. Determine the amount of factory overhead applied to Jobs 50 and 51 in April. Prepare the journal entry to apply factory overhead to both jobs in April according to the predetermined overhead rate