Applying Factory Overhead Keenan Company estimates that total factory overhead costs will be $116,000 for the year. Direct labor hours are estimated to be 29,000 . a. 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. per direct labor hour b. During May, Keenan Company accumulated 680 hours of direct labor costs on Job 200 and 750 hours on Job 305. Determine the amount of factorv overhead applied to Jobs 200 and 305 in May. c. Prepare the journal entry to apply factory overhead to both jobs in May according to the predetermined overhead rate. If an amount box. does not require an entry, leave it blank. Cost of Goods Sold Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished goods inventory was 25,000 units at $310.000. Determine the cost of goods sold for 210,000 units, assuming a FIFO cost flow. Cost Flow Relationships The following information is available for the first year of operations of Creston inc,y a manufacturer of fabricating equipment: Using the above information, determine the following amounts