Chapter 16: The predetermined overhead allocation rate for Decker Co. is based on estimated direct labor costs of $385,000 and estimated factory overhead of $519,750. Actual costs incurred were: Direct materials Direct labor Indirect materials Indirect labor Sales commissions Factory depreciation Property taxes, factory Factory utilities Advertising Factory equipment rental $315,000 463,500 49,800 116,750 40,000 166,000 18,500 28,500 87,250 99,400 A) Calculate the predetermined overhead rate. B) Prepare the journal entry to apply factory overhead for the month. C) Determine the amount of over- or underapplied overhead and prepare the journal entry to adjust the over-or underapplied overhead