Fetory Dverhe od Pates, Entries, and Acoount Balance Ecipse Solar Company operates two factones: The company applies factory overbead to jobe on the basis of machine hours in Factory 1 and on the basis of direct laber hourp in Factory 2. Eatimated factory overhead costs, direct laber hours, and machine hours are as follows Deterinne the foctory everhead rate for Factory 1 oer machine hoar b. Determine the factory ovectiead rate for factory 2 . per direct iabor hour Factry 1 a. Determene the factory overhead rate for Factory 1 , per machine hour b. Determine the factory overhead rate for Factocy 2 . per diret labor hour c. Journalize the entries to apply factory everhead to production in each factory for August. If an amount bor does not require an entry, leave it blank- d. Orterminn the belancks of the factory avertieed ackounts for each factory as of August 31, and indicate whether the amounts represent overappied lactory overhead or factery 1 Factery 2