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Calculator Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $406,410 Estimated direct labor hours for year Estimated machine hours for year $725,900 11,900 21,390 $32,520 Actual factory overhead costs for March Actual direct labor hours for March Actual machine hours for March $62,660 1,070 1,670 a. Determine the factory overhead rate for Factory 1. per machine hour b. Determine the factory overhead rate for Factory 2. per direct labor hour c. Journalize the entries to apply factory overhead to production in each factory for March Factory 1 Check My Work CBOOK Show Me How Calculator Actual factory overhead costs for March Actual direct labor hours for March $32,520 562,660 Actual machine hours for March 1,070 1,670 a. Determine the factory overhead rate for Factory 1. per machine hour b. Determine the factory overhead rate for Factory 2. per direct labor hour c. Journalize the entries to apply factory overhead to production in each factory for March Factory 1 Factory 2 d. Determine the balances of the factory overhead accounts for each factory as of March 31, and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead. Factory 1 s Factory 2 $ Check My Work All work saved Email Instructor Save and be submit Assignment for Grading Predetermined Factory Overhead Rate Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts Shop direct labor Shop and repair equipment depreciation Shop supervisor salaries Shop property taxes $1,197,400 874,000 68,300 189,900 34,500 26,500 23,900 103,000 13,200 Shop supplies Advertising expense Administrative office salaries Administrative office depreciation expense Total costs and expenses $2,530,700 The average shop direct labor rate is $23 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. per direct labor hour