Factory Overhead Rates, Entries, and Account Balance Montenegro Metal Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours In Factory in 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 2 Estimated factory overhead cost for fiscal year beginning March 1 $507,320 $677,600 Estimated direct labor hours for year Estimated machine hours for year 23,060 Actual factory overhead costs for March $40,590 558,600 Actual direct labor hours for March 1.000 Actual machine hours for March 12.100 1.800 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 arch. If mount box does not requireanntry, witbank Factory 1 10,500 58,600 1,090 1.800 Actual factory overhead costs for March Actual direct labor hours for March Actual machine hours for March a. Determine the factory overhead rate for Factory 1. per machine hour b. Determine the factory overhead rate for Factory per direct labor hour Journalize the entries to al factory overhead to production in each factory for Harcha box does not in any Factory 1 Factory d. Determine the balances of the story weet counts for eactory of art whether actory do Factory Factory 25 Check My Work 56" Mostly