Hodge Co applies overhead based on direct labor costs. This year, Hodge Co estimated total overhead costs to be 5480,000, and direct labor costs to be $240,000. Actual overhead costs for the year totaled $501,000 and actual direct labor costs totaled $269.000. At year end, the balance in the Factory Overhead account is a Multiple Choice $501,000 Debit balance $37000 Debit balance $530.000 Crest balance 5209,000 Debit balance $37000 Credit balance