Transcribed Image Text: A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and

Transcribed Image Text: A manufacturing company applies factory overhead based on direct labor hours. At the beginning
of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours
would be 30,000. Actual manufacturing overhead costs incurred were $377,200, and actual direct
labor hours were 36,000. The entry to apply the factory overhead costs for the year would include
a
O credit to Factory Overhead for $360,000
O debit to Factory Overhead for $377,200
O credit to Factory Overhead for $432,000
O debit to Factory Overhead for $360,000

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