Drop down options: (debit,credit) (underapplied, overapplied)

Sundance 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: Factory 1 $1,337,700 Factory 2 $950,400 26,400 Estimated factory overhead cost for fiscal year beginning March 1 Estimated direct labor hours for year Estimated machine hours for year Actual factory overhead costs for March Actual direct labor hours for March 51,450 $110,730 $107,750 2,940 Actual machine hours for March 4,320 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 C. Journalize the Mar. 31 entry to apply factory overhead to production in Factory 1 for March. Refer to the Chart of Accounts for exact wording of account titles. Scroll down to record the entry for Factory 2. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 Now journalize the second Mar. 31 entry to apply factory overhead to production in Factory 2 for March. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 D. Determine the balances of the factory overhead accounts for each factory as of March 31 and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead. Enter your answer as a positive number. Factory 1 $ Factory 2 $