Find the journal entry to apply the factory overhead costs

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Problem 1: 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 $353,000 and direct labor hours would be 45,400. Actual manufacturing overhead costs incurred were $321,900, and actual direct labor hours were 52,400. The journal entry to apply the factory overhead costs for the year would include a

a. debit to Factory Overhead for $407,672
b. credit to Factory Overhead for $407,672
c. debit to Factory Overhead for $321,900
d. credit to Factory Overhead for $353,000

Reference no: EM132754900

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