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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 $464,000, 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 $464,000, and direct labor costs to be $2,320,000. Actual overhead costs for the year totaled $428,000, and actual direct labor costs totaled $1,960,000. At year-end, the balance in the Factory Overhead account is a Multiple Choice O $428,000 Debit balance O C) $36,000 Debit balance. $36,000 credie balance O $464,000 Credit balance O $392,000 Debit balance O

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