A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that tota factory overhead costs would be $358,000 and direct labor hours would be 47,000 . Actual manufacturing overhead costs incurred were $309,200, and actual direct labor hours were 51,800 . The. journal entry to apply the factory overhead costs for the year would include a a. credit to Fectory Oreethead for 5394,716 b. credit to Factory Overhead for $358,000 c. dehit to Fastory Ovobeal for $309,200 4. dethit to Factony Overtiead for $394,716