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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 $420,000, and direct labor

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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 $420,000, and direct labor costs to be $2,100,000. Actual overhead costs for the year totaled $395,000, and actual direct labor costs totaled $1,850,000. At yearend, the balance in the Factory Overhead account is a: Nultiple Choice $395,000 Debit balance. $370.000 Debi balance. $25.000 Debit balance $420.000 Credi balance $25.000 Credt bsiance

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