CengageNOWv2 | Online teach X + v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Gmail YouTube Maps > Canvas Cengage Quiz: Ch 11 or Ch... MyLab Math Chapter 16 Homework eBook Show Me How Print Item 1. BE.16.01.ALGO 2. BE.16.02.ALGO 3. BE.16.03.ALGO 4. BE.16.04.ALGO 5. BE.16.05 6. BE.16.06 7. EX.16.01 8. EX.16.02.ALGO 9. EX.16.05.ALGO 10. EX.16.09.ALGO Factory Overhead Rates, Entries, and Account Balance Eclipse 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: Estimated factory overhead cost for fiscal year beginning August 1 Estimated direct labor hours for year Estimated machine hours for year Actual factory overhead costs for August Actual direct labor hours for August Actual machine hours for August 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 Factory 1 Factory 2 $486,480 $1,028,600 13,900 20,270 $38,870 $88,800 1,250 1,580 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 Factory 2 Progress: 10/10 items Check My Work Assignment Score: 78.6% Previous All work saved. Save and Exit Submit Assignment for Grading D