Mango company applies overhead based on direct labor costs. for the current year, mango company estimated total overhead costs to be $300,000, and direct labor costs to be $150,000. actual overhead costs for the year totaled $330,000, and actual direct labor costs totaled $170,000. at year-end, factory overhead account is:

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.