Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $5337,200 8,600 Estimated direct labor hours for year 17,170 Estimated machine hours for year $30,220 $45,830 Actual factory overhead costs for March 770 Actual direct labor hours for March Actual machine hours for March 1,340 a. Determine the factory overhead rate for Factory 1. $ per machine hour b. Determine the factory overhead rate for Factory 2 . $ per dirbuct labor hour c. Journalize the entries to apply factory overhead to production in each factory for March. Factory 1 Factory 2 Feedback Vheck My Work c. Increase thework in process and reduce the factory overhead. d. Determine the balances of the factory overhead accounts for each factory as of March 31, Factory 1$ Factory 2$