Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $444,000, and direct labor costs to be $2,220,000. Actual overhead costs for the year totaled $413,000, and actual direct labor costs totaled $1,910,000. At year-end, the balance in the Factory Overhead account is a:

Multiple Choice

• $382,000 Debit balance.

• $31,000 Debit balance.

• $31,000 Credit balance.

• $444,000 Credit balance.

• $413,000 Debit balance.