Total Manufacturing-Related Costs Incurred by Alloy Company in October for All

Multiple Choice

Total manufacturing-related costs incurred by Alloy Company in October for all its jobs is as follows: $$\begin{array} { l r } \text { Direct materials } & \$ 1000 \\\text { Insurance of factory building } & 160 \\\text { Direct labor } & 1,400 \\\text { Property taxes-factory building } & 700 \\\text { Other factory overhead costs } & 1,550 \\\text { Factory overhead applied } & 1,950\end{array}$$ Assuming Alloy uses a normal costing system and applies overhead based on a predetermined rate, what is the credit to Overhead Control to close the account at the end of the year?

A) $560
B) $460
C) $1,250
D) $1,320