Question 1 22 points Save Answer Digital Pictures Inc. operates two factories. The company applies factory overhead to jobs on the basis of direct labor hours in Factory 1 and on the basis of machine hours on Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Required: Estimated factory overhead cost for fiscal year beginning April 1 Estimated direct labor hours for year Estimated machine hours for year Actual factory overhead costs for April Actual direct labor hours for April Actual machine hours for April Predetermined overhead rate for Factory 1 Predetermined overhead rate for Factory 2 Applied factory overhead rate for Factory 1 Applied factory overhead rate for Factory 2 Disposition of applied overhead in Factory 1 Disposition of applied overhead in Factory 2 Factory 1 $264,000 Factory 2 $279,000 8,000 1,200 4,000 $25,000 18,000 $19,600 770 200 560 1,260