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 factory overhead costa, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $719,140 $844,200 Estimated direct labor hours for year Estimated machine hours for year 17,540 $57,570 $73,100 Actual factory overhead costs for March Actual direct labor hours for March 1,370 Actual machine hours for March 13,400 1,210 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 nach factory for March C. 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 overapplied factory overhead or underapplied factory overhead, Factory 15 Factory 2