Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February I 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? Enter your answer as a whole percent not in decimals. Feedback Check My Work Identify the activity base for this company. Remember to enter the number as a whole percent not in decimals. b. Journalize the entry to apply factory overhead to production for February. If an amount box does not require an entry, leave it blank. Work in Process-blending Department Factory Overhead-Blending Department 88 Feedback Check My Work Recall how the predetermined overhead is applied to departments. How does the applied overhead affect work in process? c. What is the February 28 balance of the account Factory Overhead-Blending Department? Amount: Debit or Credit? Debit d. Does the balance in part (c) represent overapplied or underapplied factory overhead? Underapplied factory overhead Feedback Check My Work c and d. Compare the actual cost to the applied amount.