Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $620,000, and direct labor costs to be $310,000. Actual overhead costs for the year totaled $634,000, and actual direct labor costs totaled $346,000. At year-end, the balance in the Factory Overhead account is a Multiple Choice $634,000 Debit balance $346,000 Debit balance $58,000 Credit balance. $692,000 Credit balance $58,000 Debit balance