Determining Actual Factory Overhead The books of Petry Products Co. revealed that the following general journal entry had been made at the end of the current accounting period: Factory overhead 2000 Under- and overapplied Factory overhead ... 2,000 Closed credit balance in factory overhead control account. The total direct materials cost for the period was $40,000. The total direct labor cost, at an average rate of $10 per hour for direct laborwas one and one half times the direct materials cost. Factory overhead was applied on the basis of 54 per direct labor hour, wh was the total actual factory overhead incurred for the period? (Hint: First solve for direct labor cost and then for direct labor hours.)