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 $347,000 and direct labor hours would be 46,700. Actual manufacturing overhead costs incurred were $302,400, and actual direct labor hours were 54,300. The journal entry to apply the factory overhead costs for the year would include a Oa. debit to Factory Overhead for $302,400 Ob. credit to Factory Overhead for $403,449 Oc. credit to Factory Overhead for $347,000 Od. debit to Factory Overhead for $403,449