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. % b. Journalize the entry to apply factory overhead to production for February. If an amount box does not require an entry, leave it blank. c. What is the February 26 balance of the account Factory Overhead-Blending Department? Amount: Debit or Credit? d. Does the balance in part (c) represent overapplied or underapplied factory overhead? b. Journalize the entry to apply factory overhead to production for Accounts Payable Cash Factory Overhead-Blending Department < c. Wages Payable Work in Process-Blending Department Amount: Debit or Credit? account Factory Overhea- d. Does the balance in part (c) represent overapplied or underappli RK 15 1 ..... Factory Overhead Rate, Entry for Applying Factory Overhead, ar The cost accountant for River Rock Beverage Co. estimated that February 1 would be $3,150,000, and total direct labor costs wo overhead cost incurred totaled $283,900. a. What is the predetermined factory overhead rate based on % b. Journalize the entry to apply factory overhead to production C. Accounts Payable Cash Factory Overhead-Blending Department Finished Goods Work in Process-Blending Department Debit or Credit? account Factory Over d. Does the balance in part (c) represent overapplied or undera