Factory Overhead Rates, Entries, and Account Balance 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 Feedback Check My Work a-b. Factory 1 overhead is applied based on machine hours. Factory 2 overhead is applied based on direct labor hours. c. Journalize the entries to apply factory overhead to production in each factory for March. Factory 1 Factory 2 x x x X Feedback Check My Work c. Increase the work in process and reduce the factory overhead. Factory 1$ Factory 2