EX $174$ Factory Overhead Rate, Enty for Applying Factory Overhead, and ractory Overhead Account Balance

Obj. $1,3$

The cost accountant for River Rock Beverage Co$.$ estimated that total factory overhead cost for the Blending Department for the coming fiscal year Leginning February $1$ would be $$3,150,000,$ and total direct labor costs would be $$1,800,000.$ During February, the actual direct labor cost totaled $$160,000,$ and factory overhead cost incurred totaled $$283,900.$

a$.$ What is the predetermined factory overhead rate based on direct labor cost?

$$

b$.$ Journalize the entry to apply factory overhead to production for February.

c$.$ What is the February $28$ balance of the account Factory Overhead $-$Blending Department?

d$.$ Does the balance in part $($c$)$ represent over$-$or underapplied factory overhead?