Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factores. 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 2 Estimated factory overhead cost for fiscal year beginning March 1 $371.450 $850,00 Estimated direct labor hours for year 10,900 Estimated machine hours for year 16,150 Actual factory overhead costs for March $29,700 573,380 Actual direct labor hours for March Actual machine hours for March 1,260 a. Dermine 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 March Factory 1 Factory 2 d. Determine the balances of the fattory overhead accounts for each factory as of March 31, and indicate whether the amounts represent overed factory overhead ordered to head Factory is Factory 2