Use the budget and actual data provided for Sharp Company to answer the question that follow. Sharp Company Estimated direct labor hours 12,000 Estimated direct labor dollars $90,000 Estimated factory overhead costs $179,000 Actual direct labor hours 11,500 Actual direct labor dollars $92,000 Actual factory overhead costs $180,000 If factory overhead is to be applied based on direct labor dollars, the predetermined factory overhead rate is Oa. 196% O. 199% Oc. $15.65 d. $14.92 A manufacturing company applles factory overhead based on direct labor hours. At the beginning of the year, it estimated that total factory overhead costs would be $469,200 and direct labor hours would be 27,600. Actual manufacturing overhead costs incurred were $322,200, and actual direct labor hours were 17,900. The Journal entry to apply the factory overhead costs for the year would include a Os credit to Factory Overhead for $304,300 Ob. credit to Factory Overhead for $469,200 Oc. debit to Factory Overhead for $322 200 Od, debit to Factory Overhead for $304300