Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $415,000, and actual labor hours were 21,000. To dispose of the balance in the Manufacturing Overhead account, which of the following would be correct?
A. Manufacturing Overhead would be debited for $20,000.
B. Manufacturing Overhead would be debited for $5,000.
C. Manufacturing Overhead would be credited for $20,000.
D. Manufacturing Overhead would be credited for $5,000.
Answer: B
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