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 $380,900 and direct labor hours would be 29,300. Actual manufacturing overhead costs incurred were $266,000, and actual direct labor hours were 19,000. The entry to apply the factory overhead costs for the year would include a Oa. credit to Factory Overhead for $247,000 Ob. credit to Factory Overhead for $380,900 Oc. debit to Factory Overhead for $247,000 Od. debit to Factory Overhead for $266,000