Date Accounts Debit Credit 20XX Factory Overhead 41,000 Salaries Payable 15,000 Utilities Payable 10,000 Taxes Payable 5,000 Accumulated Depreciation 7,000 Supplies 4,000 To record factory overhead costs If a total of $45,000 of overhead is applied to all jobs, is overhead over- or underapplied? If a total of $39,000 of overhead is applied to all jobs, is this a "favorable" or "unfavorable" situation? If a total of $45,000 of overhead is applied to all jobs, what account will likely be debited to close out the Factory Overhead account? If a total of $39,000 of overhead is applied to all jobs, what account will likely be debited to close out the Factory Overhead account