Applying Factory Ovechead Hatch Company estimates that total factory overhead costs will be $35,000 for the year Direct labor hours are estimated to be 11,000 a. For Hatch Compar, determine the predetermined factory overhead tate using direct labor hours as the activity base. It required, round your answer to two decimal places per direct labor hour b. During May, Hatch Company accumulated 380 hours of direct labor conts on Job 200 and 590 hours on Job 205. Determine the amount of factory overhead applied to loba 200 and 305 in May. Prepare the journal entry to apply factory overhead to both fobs in May according to the predetermined Overhead rate it an amount box does not require an entry leave it blank