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 $185,130. Estimated direct labor cost was $465,630 for 18,700 hours. Actual costs for the most recent month are summarized here: 1.42 points Total Cost $ 46,564 eBook Item Description Direct labor (1,870 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses Print 2,410 3,370 3,370 4,860 5,630 1,199 1,780 4,230 5,410 References Required: 1., 2. & 3-a. Prepare the 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 Record the application of manufacturing overhead to production. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal 3-b. Does the last transaction increase or decrease Cost of Goods Sold? O Increase O Decrease O