Factory Overhead Rate, Entry for Applying Factory. Overhead; and Factory Overhead Account Balance The cost accountant for River Rock Beverage Co, ewtimated that total foctory overhead cost for the Blending Department for the coming fiscal year beginhing February 1 would be $718,900, and total direct tabor costs would be $553,000, During February, the actual direct labor cost totaled 548 , 000, and factory overhesd cost incurred totaled $54,900. a. What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimais. b. Journalize the entry to apply factory overhead to production for February. It an amount box does not require an entry, leave it biank: c. What is the February 28 baiance of the account Factory Ovechead-Blending Department? Amount : 1 Debit or Credit? d. Does the balance in part (c) represem ovelapolied or underasplied foctory overhead