COSTS LoopNet Cityfeet eBook She Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factories. The company applles factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of dir labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $613,750 $817,600 Estimated direct labor hours for year 14,600 Estimated machine hours for year 24,550 Actual factory overhead costs for March $48,940 $70,430 Actual direct labor hours for March 1,910 Actual machine hours for March a. Determine the factory overhead rate for Factory 1. per machine hour 1,310 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 Work in Process Factory 1 Factory Overhead Submit Assignment Save and Ed Email Instructor Check My Work 2 more Check My Work uses remaining W HE Actual actory overhead ca Actual direct labor hours for March Actual machine hours for March 1,310 1,910 a. Determine the factory overhead rate for Factory 1. per machine hour b. Determine the factory overhead rate for Factory per direct labor hour c. Journalize the entries to apply factory overhead to production in each factory for March Factory 1 Work in Process Factory Overhead