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Factory Overhead Rates, Entries, and Account Ealance Edipse Solar Company operates two factones. The company applies factory averhead to jobs on the bavis of machine hours in Factory t and en the tasis of dired labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: a. Determine the factory overbead mate for factory 1. per machine hour b. Determine the foctory overhead rate for Factory z. per direct labor hour c. Journalize the entries to apply fictory overhead to production in each factory for August. If an amount box does not require an entry, keave it blank. Factory 1 Bournalize the entries to apply factory overhead to production in each factory for Auguat. If an amount box does not roquare an entry, lewe it ilienk. t. Determine the balances of the factory overhead accounts for each factory as of August 31 , and indicate whether the amounts riqrenent own apled factory areitiead or underapplied factory overhead