Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two fectories. 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: d. Determine the balances of the fectory everhead atcounts for each foctory as of August 31 , and indicate whecher the amouncs represent overappled factory everhesd ar underapplied factory everthead. Factory 1 Factery 2