actory Overhead Rates, Entries, and Account Balance Hudson Company operates two factories. The company applies tactory overtrend to jobs on the basis of machine hours in factory i and on the basis of direct labor hours in Factory 2. Estimates costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning September 1 $684.110 $774,400 Estimated direct labor hours for year 12,100 Estimated machine hours for year 23.590 Actual factory overhead costs for September 354,690 566,970 Actual direct obor hours for September 1,090 Actual machine hours for September 1540 a. Determine the factory overhead rate for Factory 1 per machine hour Determine the factory overhead rate for Factory 2. per direct bor hour c. Soumalize the entries to reply factory overneed to production in each factory for September Factory 1 Factory2 d. Determine the balances of the factory wreed accounts for each factory as of September 30, and indicate whether the amounts represent teruggled factory overed or underapplied factory Factory 1 Factory 25