Factory Overhead Rates, Entries, and Account Balance Edipse Solar Company operates two factonies. The company applies factory overhead to jobs on the basis of machine hours in factory 1 and on the basis of direct tabor hours in Factory 2. Estimated factory overhead cests, 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 d. Determine the balances of the factory overhead accounts for each factory as of August 31 , and indicote whether the amounts represent overappied hactury overhead or underapplied factory overhead