c. Journalize the entries to apply factory overhead to production in each factory for August. If an amount box does not require an entry, leave it blank. Factory 1 Work in Process Factory Overhead Factory 2 Work in Process Factory Overhead Feedback Check My Work c. Increase the work in process and reduce the factory overhead. d. Determine the balances of the factory overhead accounts for each factory as of August 31, and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead. Factory 1 $ Debit Underapplied Factory 2 $ Credit Overapplied Estimated factory overhead cost for fiscal year beginning August 1 $758,950 $575,100 Estimated direct labor hours for year 8,100 Estimated machine hours for year 17,650 Actual factory overhead costs for August $60,820 $49,760 Actual direct labor hours for August 730 Actual machine hours for August 1,380 a. Determine the factory overhead rate for Factory 1. 43 per machine hour b. Determine the factory overhead rate for Factory 2. 71 per direct labor hour Feedback Check My Work a-b. Factory 1 overhead is applied based on machine hours. Factory 2 overhead is applied based on direct labor hours. c. Journalize the entries to apply factory overhead to production in each factory for August. If an amount box does not require an entry, leave it blank. Factory 1 Work in Process Factory Overhead Factory 2 Work in Process