Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance

The chief cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May 1 would be $574,200, and total direct labor costs would be $522,000. During May, the actual direct labor cost totaled $45,000, and factory overhead cost incurred totaled $51,500.

a. What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimals. fill in the blank c7d1e9048fb2fb9_1

b. Journalize the entry to apply factory overhead to production for May.

		fill in the blank 506e89fcbf99051_2

c. What is the May 31 balance of the account Factory OverheadBlending Department?

Amount:
Debit or Credit?

d. Does the balance in part (c) represent overapplied or underapplied factory overhead?