Block Show Me How Factory Overhead Rates, Entries and Account Balance Sundance Solar Company operates two factones. The company applies factory overhead to jobs on the basis of machine hours in Puctory 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 Estimated foctory overhead cost for fiscal year beginning March 1 $877,050 5701,600 Estimated direct labor hours for year 12,100 Estimated machine hours for year 19,490 Actual factory overhead costs for March $70,110 $60,000 Actual direct Inbor hours for March 1,090 Actual machine hours for March 1,520 a. Determine the factory overhead rate for Factory 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 MY OUR 19,490 eBook B Show Me How Estimated machine hours for year Actual factory overhead costs for March Actual direct labor hours for March Actual machine hours for March 570,110 $60,690 1,090 1.520 a. Determine the factory overhead rate for Factory 1 per machine hour b. Determine the factory overhead rate for Factory2 per direct labor hour 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 overlied factory overheid or underapplied factory overhead Factory 1 Factory 2