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 45,000. Actual manufacturing overhead costs incurred were $377,200, and actual direct labor hours were 47,000. The entry to apply the factory overhead costs for the year would include a

a. credit to factory overhead for $376,000.

b. debit to factory overhead for $360,000.

c. debit to factory overhead for $377,200.

d. credit to factory overhead for $360,000