Factory overhead rate, entry for applying factory overhead, and factory overhead account balance Instructions The cost accountant for Aiver Rock Bevorage Co. estimated that fotal factory overhead cost for the Blending Dopartment for the caming fiscal year beginning February 1 would be $210,000, and total direct labor costs would be $150,000. During February, the actual direct labor cost totaled $12,000, and factory ovorhead cost incurred totaled $17,100. Required: a. What is the prodefermined factary ovewhead rate based on direcf labor cost? b. Joumalize the enty to apply factary overhend to production for February 28 . Fefer to the chart of accounts for the exact wording of the account tides. CNOW joumals do not use lines for spaces or joumat explanations. Every line on a pournal page is useo for debit or credit enirias. Do not add explanations or skip a line between journal ontries. CNOW joumals wil automatically indent a credit entry when a crodit amount is entered c. What is the Fobruary 28 batince of the acoount Factory Overhead-Blending Department? d. Does the balance in part (c) represant over- or underapplied factary overheud? hart of Accounts ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 510 Cost of Goods Sold 141 Work in Process-Blending Department 520 Wages Expense 142 Work in Process-Filling Department 531 Selling Expenses 151 Factory Overhead-Blending Department 532 Insurance Expense 152 Factory Overhead-Filling Department 533 Utilities Expense 161 Finished Goods 534 Supplies Expense 171 Supplies 540 Administrative Expenses 172 Prepaid Insurance 561 Depreciation Expense-Factory 173 Prepaid Expenses 590 Miscellaneous Expense 181 Land 710 Interest Expense 191 Factory Instructions Chart of Accounts Thwo192AccumulatedDepreciation-Factory181Land191Factory 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary a. What is the predetermined factory overhead rate based on direct labor cost? % b. Joumaize the entry to apply factory overhead to production for February 22 . Peler to the chart of accounts for the oxact wording of the apcount ndes, Grow journals do not use lines for spaces or joumal explanations. Every line on a joumal page is used for debit or credit entries. Do not add explinations or skip a line botween journal entries. CNOW joumais wir automaticaliy indont a credit entry when a crodit amount is entared. c. What is the February 28 balance of the account Factory Overhead-Blending Department? Amount: Debit or credit? d. Does the balance in part (C) represent over-or underapplied factory overhead