Hodge Co. applies overhead based on direct labor costs. This year, Hodge Co. estimated total overhead costs to be $540,000, and direct labor costs to be $270,000. Actual overhead costs for the year totaled $558,000, and actual direct labor costs totaled $302,000. At year-end, the balance in the Factory Overhead account is a: Multiple Choice $302.000 Debit balance O $558,000 Debit balance O $604,000 Credit balance 516,000 Credit balance $46,000 Debit balance