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Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine

Factory Overhead Rates, Entries, and Account Balance Eclipse 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 fiscal year beginning August 1 $688,200 $565,600 Estimated direct labor hours for year 10,100 Estimated machine hours for year 22,200 Actual factory overhead costs for August $54,970 $48,920 Actual direct labor hours for August 910 Actual machine hours for August 1,730 Question Content Area a. Determine the factory overhead rate for Factory 1. $fill in the blank ae9d74002029029_1 per machine hour b. Determine the factory overhead rate for Factory 2. $fill in the blank ae9d74002029029_2 per direct labor hour Question Content Area c. Journalize the entries to apply factory overhead to production in each factory for August. If an amount box does not require an entry, leave it blank. Factory 1 Factory 2 Question Content Area d. Determine the balances of the factory overhead accounts for each factory as of August 31, and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead. Factory 1 $fill in the blank 8683e109306bfc7_1 Factory 2 $fill in the blank 8683e109306bfc7_4 Check My Work

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