C Cavy Company estimates that the factory overhead for the following year will be $1,497.600. The company has decided that the basis for applying factory overhead should be machine hours, which is entimated to be 41,600 hours. The machine hours for the month of April for all of the jobs were 5,300, Journalize the entry to record the factory overhead applied in April 1 an amount box does not require an entry, leave it blank. Cavy Company estimates that the factory overhead for the following year will be $1,307,200. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 34,900 hours. Compute the predetermined overhead rate to apply factory overhead, per machine hour