Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $640.000. and direct labor costs to be $320,000. Actual overhead costs for the year totaled $653,000, and actual direct labor costs totaled $358,000. At year-end, Factory Overhead account is: Mutiple Choice Overapplied by $358,000 Underaposed by $63,000 Overnpplied by $63,000 Overapplied by $38,000 Neither overapplied nor underapplied. Mango Company applies overhead based on direct labor costs. For the current yoar, Mango Company estimated total overhead costs to be $480,000, and direct labor costs to be $240,000, Actual overhead costs for the year totaled $501,000, and actual direct labor costs totaled $269,000. At year-tend, the balance in the Factory Overhead account is a : Multiple Choice $37,000 Credit balance. $538,000 Credit balance. 550t,000 Debit balance. 5269,000 Debin baiance. $37,000 Debit balance