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 $339,900 and direct labor hours would be 47,500. Actual manufacturing overhead costs incurred were $300,300, and actual direct labor hours were 54,800. The journal entry to apply the factory overhead costs for the year would include a On credit to Factory Overhead for 5394,012 Ob debit to Factory Overhead for $300,300 c. debt to Factory Overhead for 194,012 Od credit to Factory Overhead for $339,000 Od My Work mp @melor O 9 - @ PESCA Home End PgUp Pyon son % 5 + 4 & 7 6 00 9 0 R T Y U F G J K L V B N M ? Aspen Technologies has the following budget data: Estimated direct labor hours 9,000 Estimated direct inbor dollars $67,500 Estimated factory overhead costs $177,100 If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is a $15.74 Ob $19.68 OC. $29.52 d. 523.61 Check My Work All work saved Email instructor Save an O > Prisen 14 Home TE End FE Pgup SD Poon % 5 4 6 & 7 8 0 R T Y U O