Factory Overhead Rates, Entries and Account Balance Edit 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 Estimated factory overhead cost for fiscal year beginning August $530,190 $1.021,200 Etimated direct labor hours for you 13.000 Estimated machine hours for year 16,330 Actual factory overhead coats for $42.900 Actual direct labor hours for August 1.240 Actual machine hours for August 1,220 a. Determine the factory overhead role for Factory 1 per machine hour b. Determine the factory overhead robe for Factory 2. per direct labor hour courire 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 Factory Save and Ex 0 9 Prison Home End PgUp Pgon WS $ A 4 % 5 & 7 6 8 9 0 R T Y U O F G H K L V B N ? M II 5538,890 $1,021,200 13,800 year beginning August Estimated direct labor hours for year Estimated machee hours for year Actual factory overhead costs for August Actual direct labor hours for August Actual machine hours for August 16,330 $42.960 188,090 1,200 1.220 3. Determine the factory overhead rabe for Factory 1 per machine hour b. Determine the factory overhead rate for Factory 2. per dret bor hour course the entries to apply factory overhead to production in each factory for August. If an amount boxes not require an entry, ve bank d. Determine the balances of the factory overheat accounts for each factory as of August 31, and indicate whether the amounts represent overed factory overhead or under factory overhead Factory 1 SA TE Prison Home End Poup Poon $ 96 5 6 & 7 8 9 0 R T Y U o P F . K - V ? B N M ve