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Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $408,000, and direct labor

Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $408,000, and direct labor costs to be $2,040,000. Actual overhead costs for the year totaled $386,000, and actual direct labor costs totaled $1,820,000. At year-end, the balance in the Factory Overhead account is a:

Select one:

a. $22,000 Credit balance.

b. $364,000 Debit balance.

c. $22,000 Debit balance.

d. $408,000 Credit balance.

e. $386,000 Debit balance.

Using the information below, compute the days' sales in raw materials inventory:

Raw materials used$ 121,600Beginning raw materials inventory18,000Ending raw materials inventory20,200

Select one:

a. 6.02.

b. 60.63.

c. 6.76.

d. 54.03.

e. 6.37.

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