Factory Overhead Rates and Account Balance Prostheses Industries operates two factories. The manufacturing operations of Factory 1 are machine intensive, while the manufacturing operations of Factory 2 are labor intensive. 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 fiscal year beginning August 1 $486,750 $1,209,000 Estimated direct labor hours for year 15,500 Estimated machine hours for year 14,750 Actual factory overhead costs for August $38,900 $104,830 Actual direct labor hours for August 1,400 Actual machine hours for August 1,150 a. Determine the factory overhead rate for Factory 1. Round your answer to the nearest cent 0x per machine hour b. Determine the factory overhead rate for Factory 2. Round your answer to the nearest cent 0x per direct labor hour c. Determine the factory overhead applied to production in each factory for August. Factory 1 Factory 2 0x 0 x