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 $359,000 and direct labor hours would be 41,400. Actual manufacturing overhead costs incurred were $304,100, and actual direct labor hours were 53,300. The journal entry to apply the factory overhead costs for the year would include a Oa. debit to Factory Overhead for $304,100 Ob. credit to Factory Overhead for $359,000 Oc. debit to Factory Overhead for $462,111 Od. credit to Factory Overhead for $462,111