Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance direct labor costs would be $549,000. During May, the actual direct labor cost totaled $47,000, and factory overhead cost incurred totaled $53,750. 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 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? Amount: $ Debit or Credit? d. Does the balance in part (c) represent overapplied or underapplied factory overhead