Jacobson & Sons Manufacturing Company reports the following information for 20X7: Budgeted factory overhead $725,000 Budgeted direct labour costs $450,000 Budgeted direct labour hours 50,000 Actual factory overhead $735,000 Actual direct labour costs $432,000 Actual direct labour hours 51,300 Given that overhead is applied based on direct labour hours, what entry would Jacobson & Sons Manufacturing make to close the manufacturing overhead account? O a. Debit Manufacturing Overhead $8,850; Credit Cost of Goods Sold $8,850 O b. Debit Manufacturing Overhead $36,000; Credit Cost of Goods Sold $36,000 O c. Debit Cost of Goods Sold $36,000; Credit Manufacturing Overhead $36,000 O d. Debit Cost of Goods Sold $8,850; Credit Manufacturing Overhead $8,850