Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account BalanceThe chief cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May 1 would be $3,000,000 and total direct labor costs would be $2,400,000. During May, the actual direct labor cost totaled $198,400 and factory overhead cost incurred totaled $253,200.a. What is the predetermined factory overhead rate based on direct labor cost