Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance $2,400,000. During May, the actual direct labor cost totaled $198,400 and factory overhead cost incurred totaled $253,200. a. What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimals. % Foodask Thock ity work Identify the activity base for this company. Remember to enter the number as a whole percent not in decimals. b. Joumalize the entry to apply factory overhead to production for May. ixx Fesdack Recall how the predetemined factory overhead is applied to departments. How does the applied overhead affect work in process? c. What is the May 31 balance of the account Factory Overhead-Blending Department? Amount: Debit or Credit