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ALT-OVER-UNDERAPPLIED Crain Company estimated that its factory overhead for 2019 would be $900,000. The factory overhead is applied using Direct labor Hours. Crain estimated that it would use 40,000 Direct Labor Hours in 2019. The actual factory overhead in 2019 turned out to be $955,000 and the company actually used 42,500 direct labor hours. What is the predetermined ovehead rate (FOR)? ' I per direct labor hour. I What was the amount of the actual and applied overhead? Factory Overhead I:':I Fill in the actual and applied overhead in the Factory Overhead Taccount, Was the overhead undempplied or overapplied? W...\" I:| Show entry to close the Factory Overhead account. GENERAL JOURNAL DEBIT CREDIT Choose Account: Choose Account: Factory Overhead closed