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 director hours is Factory 2. Estimated today overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal $545,720 5922,200 15,900 year beginning March 1 Estimated direct labor hours for year Estimated machine hours for year Actual factory overhead costs for March Actual direct labor hours for March Actual machine hours for March 19,490 $43,620 $79,620 1.430 1,520 a. Determine the factory overhead rate for Factory 1. $ 28 per machine hour b. Determine the factory overhead rate for Factory 2. s per direct labor hour C. Journalize the entries to apply factory overhead to production in each factory for March Factory 1 Work in Process Factory Overhead 42.560 Factory 2 Work in Process Factory Overhead 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 inde Factory 1 9 70 Debit Underapplied Factory 2 3 ,320 Credit Overapplied