Chart of Accounts ockmiller Company estimates that total factory overhead costs will be $2,124,000 for the year. Direct labor hours are estimated to be 531,000 . Required: a. For Lockmiller Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. Round your answer to the nearest cent. b. During May, Lockmiller Company accumulated 18,400 hours of direct labor costs on Job 275 and 23,200 hours on Job 310. Determine the amount of factory overhead applied to Jobs 275 and 310 in May. c. Prepare the journal entry on May 30 to apply factory overhead to both jobs in May according to the predetermined overhead rate. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. a. For Lockmiller Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. Round your answer to the nearest cent. per direct labor hour