Woodman Company applies factory overhead on the basis of direct labor hours. Budget and actual data for direct labor and overhead for the year are as follows:

Budget Actual

Direct labor hours 30,000 32,000

Factory overhead costs $90,000 $88,000

The required journal entry to record actual overhead costs for the year is:

• A.

  Debit WIP 96,000

  Credit MOH Applied 96,000

• B.

  Debit WIP 90,000

  Credit MOH Applied 90,000

• C.

  Debit WIP 82,500

  Credit MOH Applied 82,500

• D.

  Debit MOH Control 96,000

  Credit MOH Applied 96,000