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Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $600,000, and direct labor

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Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $600,000, and direct labor costs to be $300,000. Actual overhead costs for the year totaled $615,000, and actual direct labor costs totaled $335,000. At year-end, Factory Overhead account is: Multiple Choice Overapplied by $55,000. Overapplied by $335,000. Underapplied by $55,000. O . Overapplied by $35,000. Neither overapplied nor underapplied

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