Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $460,000, and direct labor costs to be $230,000. Actual overhead costs for the year totaled $482,000, and actual direct labor costs totaled $258,000. At year-end, the balance in the Factory Overhead account is a:

Multiple Choice

$34,000 Debit balance.

$34,000 Credit balance.

$258,000 Debit balance.

$482,000 Debit balance.

$516,000 Credit balance.