Factory Overhead a n d count Balance and on the basis of direct labor hours in Factory 2. Estimated factory overtad costs, direct labor hours, and Edie Solar Company operates the factories. The company applies factory overhead to jobs on the basis of madinhou machine hours are as follows: Factory 1 Factory 2 $1,500,000 $44,000,000 300.000 Estimated factory overhead cost for fiscal year beginning August 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 1.250.000 $1.515.800 $3.606.300 64,500 105.000 Determine the factory overhead rate force 1 Hound your swer to two decimal place X per machine hour b. Derm a toverhead atafor factory Journalize the entries to apply factory overhead to production in each factory for August. If an amount box does not require an entry leave it blank. Factory 1 Work in Process Factory Overhead Factory Work in Proces d. Determine the balances of the factory overhead accounts for each factory as of August 31. and indicate whether the amounts represent over polied factory overhead or underapplied factory overhead $ Factory : Factory 2 Overapplied Underapplied