A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that total factory overhead costs would be $354,500 and direct labor hours would be 48,500. Actual factory overhead costs incurred were $305,400, and actual direct labor hours were 53,300. The journal entry to apply the factory overhead costs for the year would include a O a. credit to Factory Overhead for $389,623 O b. credit to Factory Overhead for $354,500 O c. debit to Factory Overhead for $389,623 O d. debit to Factory Overhead for $305,400