Given the information provided, calculate the following:

a. For Factory 1, calculate the predetermined overhead rate. Indicate your answer in dollars and cents (2 places after decimal)

b. For Factory 1, calculate the applied factory overhead.

c. For Factory 2, calculate the predetermined overhead rate. Indicate your answer in dollars and cents (2 places after decimal).

d. For Factory 2, calculate the applied factory overhead.

Below are data for Factory 1 and Factory 2. Factory 1 applies overhead based on direct labor hours and Factory 2 applies overhead based on machine hours: Estimated factory overhead costs Estimated direct labor hours Estimated machine hours Actual direct labor hours Actual machine hours Actual factory overhead costs Factory 1 $350,000 43,750 180,000 49,000 160,000 $380,000 Factory 2 $480,000 48,000 200,000 50,000 190,000 $465,000