Eelipee Solar Company operates two tactories. The eemoany acpies factory ovehead to jobs on the basis of mactine hours in Factery 1 and on the basis of diect inbor houm in Factary 2. Fatirraled tactoey oyertead costs, deect laber hours, and machine hours are as totons. quired a Determane the factory overterad rafe for Factory i. b Cetarrine ane factory covenead tate for Pactiry ? c. bumeize the Aug 38 enties to appy factory overhead to prodvetion in each acciory Factory overhead rates, entries, and account balance Factory overhead rates, entries, and account balance 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 Now joutnaile the second Aug. 31 entry to appy factory overhesd io productios in Factary 2 Factory overhead rates, entries, and account balance Instructions Chart of Accounts Factory Overhosed Rates Ceneral dournal Final Question Final Quastion d. Determine the balances of the factory overhead acoounts for each factory as af Augusi 31 , and indicale whefter the amounts movesent overanolied factorronefied or inderacented factory ovement. Adawicnal anabucton Fastory 1 Factary 2