Factory Overhead Rates, Entries, and Account Balance Sundance 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 fac Factory 1 Factory 2 Estimated factory overhead cost for focal year beginning March 1 $359,250 $643,800 Estimated direct labor hours for year Estimated machine hours for year Actual factory overhead costs for March Actual direct labor hours for March 8,700 14,370 $28,700 $55,410 700 Actual machine hours for March 1,120 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 Joumalize the entries to apply factory overhead to production in each factory for March Factory 1 Factory 2 d. Determine the balances of the factory overhead accounts for each factory as of March 31, and indicate whether the amounts represent overpplied factory overhead or underapplied factory overhead Factory Factory 2 Check My Work 10 no Check My Work use iemaining o