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<ul><li>Morris Company applies overhead based on direct labor costs. For the current year, Morris

Company estimated total overhead costs to be $400,000, and direct labor costs to be $2,000,000. Actual overhead costs for the year totaled $380,000, and actual direct labor costs totaled $1,800,000. At year-end, the balance in the Factory Overhead account is a: A. $400,000 Credit balance.</li><li> B. $380,000 Debit balance.</li><li> C. $20,000 Debit balance.</li><li> D. $20,000 Credit balance.</li><li> E. $360,000 Debit balance.</li></ul>

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