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: a. Determine the factory overhead rate for Factory 1. per machine hour b. Determine the factory overhead rate for Factory 2 . per direct labor hour c. Joumalize 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 a. Determine the factory overhead rate for Factory 1 . per machine hour b. Determine the factory overhead rate for Factory 2 . per direct labor hour 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 biank. d. Determine the balances of the factory overhead accounts for each factory as of August 31 , and indicate whether the amounts reoresent oversipplind factory overhead or underavelied ficctory overtiead