4 Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $186,120. Estimated direct labor cost was $469,260 for 19,800 hours. oints Actual costs for the most recent month are summarized here: Total Cost $ 46,927 Iten Description Direct labor (1,980 hours) Indirect costs Indirect labor Indirect materials eBook 2,540 3,45e 3,210 4,770 5,740 1,220 1,810 4,130 5,490 Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses Print Beferences Required: 1., 2. & 3-0. Prepare the journal entriies for overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the application of manufacturing overhead to production. Note: Enter debits before credits. Debit Credit General Journal Transaction ne journal entries for overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 3 Record the application of manufacturing overhead to production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 3-b. Does the last transaction increase or decrease Cost of Goods Sold? O Increase O Decrease begiri was $469,260 for 19,800 hours. Actual costs for the most recent month are summarized here: Total Item Description Direct labor (1,980 hours) Indirect costs Cost $ 46,927 Indirect labor Indirect materials 2,540 3,450 3,210 4,770 5,740 Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses 1,220 1,810 4,130 5,490 Required: 1., 2. & 3-a. Prepare the journal entries for overhead. (If no entry is requir Required" in the first account field.)