Factory Overhead Rates, Encries, and Acopurt Balance hour, and machine hours are as follows Datermine the factory overbead rate for. Factory 1. Found the answer to fwo deciral places. per machine hour b. Oetermine the factory coverheas rate for Factory 2. Hound the answer to two decimal tilaces. per ifireit labor hour Paninew 7 cheak.ty Yor 7-b. Factory 1 overhead is apolied based on machine hours. Factory 2 overhead is applied basid on dirnet theor hours. Journalize the entries to apply factory overhead to production in each factory for March. When tequired, round vour atimurs to the nearest dollai. answers to the nearest deliar