Question 24 (Mandatory) (2.5 points) A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 45,000. Actual manufacturing overhead costs incurred were $377.200, and actual direct labor hours were 47,000. The entry to apply the factory overhead costs for the year would include a debit to factory overhead for $360,000 credit to factory overhead for $376,000. debit to factory overhead for $377.200. ,000. credit to factory overhead for $360 Question 25 (Mandatory) (2.5 points) Period costs are 21 found on the balance sheet. not involved in the production process classified as direct labor, direct material, or factory overhead. found on the job order cost sheets 27