SHOW ME HOW EE 19-4 p. 933 PE 19-4B Applying factory overhead OBJ. 2 Carrothers Company estimates that total factory overhead costs will be $960,000 for the year. Direct labor hours are estimated to be 80,000. For Carrothers Company, (a) deter- mine the predetermined factory overhead rate using direct labor hours as the activity base, (b) determine the amount of factory overhead applied to Jobs 50 and 56 in August using the data on direct labor hours from Practice Exercise 19-2B, and (c) journalize the entry to apply factory overhead to both jobs in August according to the predetermined overhead rate.