Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account BalanceThe chief cost accountant for Voltaire Beverage Co$.$ estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May $1$ would be $$702,900,$ and total direct labor costs would be $$639,000.$ During May, the actual direct labor cost totaled $$55,000,$ and factory overhead cost incurred totaled $$62,900.$Question Content Areaa. $$What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimals.b$.$Journalize the entry to apply factory overhead to production for May. If an amount box does not require an entry, leave it blank.c$.$What is the May $31$ balance of the account Factory Overhead$$Blending Department?