Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 201 Job 202 Job 203 Job 204 Factory supervision Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $30 per direct labor hour. The direct labor rate is $16 per hour. $3,040 1,520 1,200 2,240 1,040 If required, round final answers to the nearest dollar. a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. b. Journalize the entry to apply factory overhead to production for November. Factory Overhead Rates, Entries, and Account Balance 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 Factory 2 Estimated factory overhead cost for fisca 675,150 504,000 8,400 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 19,290 $53,810 $43,780 760 ) Actual machine hours for March 1,500 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 entries to apply factory overhead to production in each factory for March Factory 1 C. Journalize the entries to apply factory overhead to production in each factory for March. Factory 1 Factory 2 d. Determi ne 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 Factory 1 Factory 2