Factory Overhead Ratos, Entries, and Account balance Eclipse 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 houts 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 Augusti 5885,500 5847,000 Estimated direct labor hours for year 12.100 Estimated machine hours for year 19,680 Actual factory overhead costs for August $71,030 573,250 Actual direct labor hours for August 1.090 Actual machine hours for August a. Determine the factory overhead rate for Factory 1 ber machine hour b. Determine the factory overband rate for Factory 2 per direct labor hour c. Soumalize the entries to apply factory overhead to production in each factory for August. If an amount box does not require an entry, leave it blank Factory 1 Factory2 d. Determine the balances of the factory overend accounts for each factory as of August 31, and indicate whether the amounts represent overapie factory on underpos formand Factory 1 Factory 2