Montenegro Motal Company operates two factories. The company apples factory overthead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2 Estimated factory overhead costs, drect labor hours, and machine hours are as follows: Required: a. Determine the faclery overhad rate for Factory 1 , Aound the answer to fwo decimal paces. b. Determine the factory overhead rate for Factory 2 . Found the answer to fwo decimal paces. c. Joumake the Mar, 3 f entries to apply tactory owerhead to production in each factory for March. Feter to the chart of accounts for the exact wording of the account trites. CNOW journals do not use lines for joumal explanations. Every ine con a joumal page is used for debit or credit Required: a. Determine the factory overhead rate for Factory 1. Round the answer to two decimal paces. b. Determine the factory overhead rate for Factory 2. Round the answer to two decimal paces. c. Journalize the Mar. 3r entries to apply factory overhead to production in each factory for March. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for foumal explanations. Every line on a joumal page is usod for debit or credif entries. CNOW journals will automatically indent a credit ontry when a credit amount is entered. When rekulred, round your answers to the nearest dollar. d. Determine the balances of the factory overhead accounts for each factory as of March 31 and indicate whether the amounts reprosent overapplied factory overhead or underapplied factory overhead. When required, round your answers to the nearest dollar. Enter your answer as a positive number: a. Dofermine the factory overhead rate for Factory 1. Round the answer to two decimal paces. per machine hour b. Determine the factory overhead rate for Factory 2. Round the answer to two decimal paces. per direct labor hour ournalize the Mar. 31 entry to apply factory overhead to production in Factory 1 for March. Refer to the chart of accounts for the exact wording of the account sites. oW journals do not use linos for joumal explanations. Every line on a journal page is used for debit or crodt ontrios. CNow joumals wil automatically indent a credt y when a credi amount is entered. When required, round your answers to the nearest dollar. d. Dotermine the balances of the factory overhead accounts for each factory as of March 31 and indicate whether the amounts represont everapplied factory overthead or underapplied factory overhead. When required, round your answers to the nearest dollar. Entor youh answer as a positive