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 1Factory 2Estimated factory overhead cost for fiscalyear beginning August 1$617,400$686,400Estimated direct labor hours for year10,400Estimated machine hours for year17,640Actual factory overhead costs for August$49,510$59,560Actual direct labor hours for August940Actual machine hours for August1,380

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a. Determine the factory overhead rate for Factory 1. $fill in the blank 5f659702e074fe3_1 per machine hour

b. Determine the factory overhead rate for Factory 2. $fill in the blank 5f659702e074fe3_2 per direct labor hour

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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 1Accounts ReceivableCashFactory OverheadFinished GoodsMaterialsWork in Process- Select -- Select -Accounts PayableAccounts ReceivableCashFactory OverheadFinished GoodsWork in Process- Select -- Select -Factory 2Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Process- Select -- Select -Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Process- Select -- Select -

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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$fill in the blank 52545500f00dfb4_1CreditDebitOverappliedUnderappliedFactory 2$fill in the blank 52545500f00dfb4_4CreditDebitOverappliedUnderapplied