Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $404,000, and direct labor costs to be $2,020,000. Actual overhead costs for the year totaled $383,000, and actual direct labor costs totaled $1,810,000. At year-end, the balance in the Factory Overhead account is a Multiple Choice $404,000 Credit balance. $362,000 Debit balance. $21,000 Credit balance. $21,000 Debit balance. $383,000 Debit balance