Accounting 2 Multiple Choice

Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $408,000, and direct labor costs to be $2,040,000. Actual overhead costs for the year totaled 5386,000, and actual direct labor costs totaled $1.820,000. At year-end, the balance in the Factory Overhead account O $22,000 Credit balance. O O $408,000 Credit balance. O $22,000 Debit balance. O $386,000 Debit balance. O $364,000 Debit balance