Instructions 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 1 would be $140,000, and total direct labor costs would be $100,000. During February, the actual direct labor cost totaled $13,500, and factory overhead cost incurred totaled $19,200. Required: a. What is the predetermined factory overhead rate based on direct labor cost? b. Journalize the entry to apply factory overhead to production for February 28. c. What is the February 28 balance of the account Factory Overhead-Blending Department? d Does the balance in part (c) represent over- or underapplied factory overhead? CHART OF ACCOUNTS River Rock Beverage Co. General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 141 Work in Process-Blending Department 142 Work in Process-Filling Department 151 Factory Overhead-Blending Department 152 Factory Overhead-Filling Department. REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense Show Me How ead rate, entry for applying factory overhead, and factory overhead account balance Starting Question General Journal Final Questions Chart of Accounts 161 Finished Goods 171 Supplies 172 Prepaid Insurance 173 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory 534 Supplies Expense 540 Administrative Expenses 561 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 251 Wages Payable EQUITY Starting Question a. What is the predetermined factory overhead rate based on direct labor cost? % General Journal fournalize the entry to apply factory overhead to production for February 28 neral Journal Instructions DATE DESCRIPTION JOURNAL PAGE 10 ACCOUNTING EQUATION POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 51F Clear Previous c. What is the February 28 balance of the account Factory Overhead-Blending Department? Amount: Debit or credit? $ d. Does the balance in part (C) represent over- or underapplied factory overhead? Underapplied factory overhead Overapplied factory overhead