Calculator 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 $355,700 and direct labor hours would be 46,700. Actual manufacturing overhead costs incurred were $321,400, and actual direct labor hours were 52,300. The journal entry to apply the factory overhead costs for the year would include a a. debit to Factory Overhead for $321,400 b. debit to Factory Overhead for $398,526 c. credit to Factory Overhead for $355,700 d. credit to Factory Overhead for $398,526