5. Price Company assigns overhead based on machine hours. The Milling Department logs 2,400 machine hours and Cutting Department shows 4,000 machine hours for the period. If the overhead rate is $5 per machine hours, the entry to assign overhead will show a 2,400 S A) Debit to Manufacturing Overhead for $32,000. B) Credit to Work in Process - Cutting Department for $20,000. C) Debit to Work in Process for $20,000. D) Credit to Manufacturing Overhead for $32,000. l.com. Questions 6-9 use this information: 12.000 20000 32.0000

2,400 machime hours and Cutting Department shows 4,000 machine howin for thes feros If the overhead rate is $5 per machine hours, the entry to assign overhead win thos. A) Dehit to Manufecturing Overhend for $32,000 B) Credit to Work in Process - Cutting Department for $20,000 C) Debit to Work in Process for $20,000. D) Credit to Manufacturing Overhead for $32,000