E Instructions Eclipse Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory and on the basis of director haus in Factory 2 Estimate factory overhead costs, direct taber hours, and machine hours we as follows Factory 1 $1,337700 Factory 2 5950 400 20.400 Estimated factory overhead cost focal year beginning August Esmated direct labor hours for year Estimated machine hours for year Actu factory overhead costs for August Actual direct labor hours for August Actual machine hours to August 51 450 $110.730 $107.750 2.50 4320 Required: a: Determine the factory overhead role for Factory 1 Define the factory overhead rise for Factory Joule the Aug 31 entries opply factory overhead to production in each factory Rothe chart of accounts for hongo the accounttiles CNOW journals do not used for space or com/explanations Every me on a journal page web orre et Do not add explanation or me between mention CNOWjournals womendanta credenty when a credit amount is one Factory 2 Factory 1 $1,337,700 $950 400 26.400 51,450 Estimated factory overhead cost for fiscal year beginning August 1 Estimated direct labor hours for year Estimated machine hours for year Actual factory overhead costs for August Actual direct labor hours for August Actual machine hours for August $110,730 $107 750 2.940 4,320 Required: a. Determine the factory overhead rate for Factory 1 Determine the factory overhead rate for Factory 2. c. Joumoize the Aug 31 entries to apply factory overhead to production in each factory Refer to the chart of accounts for the exact wording of the account the CNOW journals do not use Anes for spaces or oumal explanations Every ine on a journal page is used for debut or credit entries. Do not add explanations or skop a line between ouma entries CNOW journis wid automatically indent a credit entry when a croche amount is entered d Determine the balances of the factory overhead accounts for each factory as of August 31 and indicate whether the amounts represent overtoghed factory overtread or underapolied factory overhead Enteral amounts as positive numbers, CHART OF ACCOUNTS Eclipse Solar Company General Ledger ASSETS REVENUE