Factory Overhead Rates, Entries and Account Balance the basis Edie Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hour's are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning August 1 $265,760 $861,800 Estimated direct labor hours for year 13,900 Estimated machine hours for year 14,820 Actual factory overhead costs for August $21,400 $74.400 Actual direct labor hours for August 1,250 Actual machine hours for August 1,160 2. Determine the factory overhead rate for Factory 1 per machine hour b. Determine the factory overhead role for Factory 2. per direct labor hour Journaline the entries to apply factory overhead production in each factory for August. Dan munt box does not require an entry, love bank Factory factory 2 MP @mcfoz O Presen Home End Pup Pan ins $ A ) 96 5 & 7 6 8 9 0 R T Y U o F G K L T ? V B. N M $265,760 $861 800 13,900 Estimated factory overhead cost for fiscal year beginning August 1 Estimated direct labor hours for year Estimated machine hours for year Actual factory Overhead costs for August Actual direct labor hours for August Actual machine hours for August 14,820 $21,400 $74.400 1,250 1,160 a. Determine the factory overhead rate for Factory 1 per machine hour b. Debermine 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 August. If an amount box does not require an entry leave it back Factory Factory2 d. Determine the balances of the factory overhead accounts for each factory as of August 31, and indicate whether the amounts represent overapie factory overhead or underlied factory overhead Factory Factory 2 mp@mo O 9 AP Prisen Home End PgUp Poon 10 Vs 3 $ > 96 5 4 & 7 6 8 9 0 R T Y U o ! I F . J L 1