year beginning March 1 $471,500 $793,600 12,800 Estimated direct labor hours for year Estimated machine hours for year 20,500 Actual factory overhead costs for March $37,720 $68,450 Actual direct labor hours for March 1,150 Actual machine hours for March 1,600 a. Determine the factory overhead rate for Factory 1. per machine hour b. Determine the factory overhead rate for Factory 2. $ per direct labor hour c. Journalize the entries to apply factory overhead to production in each factory for March. If an amount box does not require an entry, leave it blank. Factory 1 Factory 2. d. Determine the balances of the factory overhead accounts for each factory as of March 31 and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead. Factory 1 $