clipse Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on e basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Required: a. Determine the factory overhead rate for Factory 1. Round your answer to two decimal places. b. Determine the factory overhead rate for Factory 2. c. Journalize the Aug. 31 entries to apply factory overhead to production in each factory. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. 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. Enter all amounts as positive numbers. a. Determine the factory overhead rate for Factory 1. Round your answer to two decimal places. per machine hour b. Determine the factory overhead rate for Factory 2. per direct labor hour 2. Question not attempted. DArE in line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Question not attempted. 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 Enter all amounts as positive numbers. Factory 1 Factory 2 Points