Montenegro Metal Company operates two factories. The compary apples factory overtead to jobs on the basis of machine hours in Factory 1 and on the basis of direct laber houts in Factory 2. Estimated factory overhead costs, drect labor hours, and machine hours are as follaws: Required: a. Determine the faciory overhead rate for Factory 1. b. Determine the factory overhead rase for Factory 2. c. Journalize the Mar. 31 entries fo appy factory overhead to production in each fachory for March. Refor to the chart of accounts for the exact wording of the account tites. CNOW joumais do not use lines for journar explanations. Every fine on a jounal page is used for dobir or credif eneries. CNOW journais wil awtomaticaly indent a credit entry when a credit amount is entered. d. Determine the batances of the fackry ovechead accounts for each factory as of March 31 and indicate whether the amounts represent owerapolied facton everhead or inderonolied factary everheod. Enter your anawer as a positive number: a. Determine the factory overhead rate for Factory 1. per machine hour Determine the baiances of the factory overhead accounts for each factory as of March 31 and indicate whether the amounts represent overapolied factory overhead or inderapolled factory overhead. Entor your answer as a positive number