How much overhead will be applied to a job if total direct labor on the job is $6,500 and the predetermined overhead rate (POHR) is 85% of direct labor costs assuming overhead is applied on the basis of direct labor dollars? What is the journal entry to record the applied overhead?* points Debit Factory Overhead $5,525 and Credit Work in Process iInventory $5,525 O Debit work in Process Inventory $5,525 and Credit Factory Overhead O Debit Factory Overhead $7,647 and Credit Work in Process Inventory o Debit Work in Process Inventory $7,647 and Credit Factory Overhead $7,647 $7,647 When the overhead applied to jobs based on the predetermined overhead rate (POHR) in a period is more than the actual overhead costs incurred during the period, overhead is considered: * 0 points O Under-applied O Over-applied