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 vear beginning February 1 would be $614,100, and total direct labor costs would be $34,000. During February, the actual direct labor cost totaled $46,000, and factory overhead cost incurred totaled $55,000. 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 28 batance of the account Factory Overhead-Biending Department? Amount: $ Debit or Credit? d. Does the balance in part (c) represent overapplied or underapplied factory overhead