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Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two factories. The...

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Accounting

Factory Overhead Rates, Entries, and Account Balance
Eclipse Solar Company operates two factories. The company applies factory overhead 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, direct labor hours, and machine hours are as follows:
Factory 1 Factory 2
Estimated factory overhead cost for fiscal year
beginning August 1
\table[[$18,500,000,$44,000,000
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