Factory Overhead late, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The chief cost accountant for Voltaire Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May 1 would be $427,500, and total direct labor costs would be $342,000. During May, the actual direct labor cost totaled $29,000, and factory overhead cout incurred totaled $37,700 # What is the predetermined factory overhead rate based on direct labor cost> Enter your answer as a whole percent not in decimalt. b. Journalize the entry to apply factory overhead to production for May. If an amount box do not requre an entry, leave it blank 88 c. What is the May 31 balance of the account Factory Overhead-Blending Department? Amount: Debitor Credit? d. Does the balance in part () represent overapplied or underapplied factory overhead