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9 1.07 points Cambridge Manufacturing Company applies manufacturing overhead on the bas of machine hours. At the beginning of the year, the company estimated
9 1.07 points Cambridge Manufacturing Company applies manufacturing overhead on the bas of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $300.200 and machine hours to be 15,800. Actual manufacturing overhead and machine hours were $340,200 and 16,800, respectively. Required: 1. & 2. Prepare the journal entries for actual and applied manufacturing overhead and transfer of manufacturing overhead account balance to cost of goods sold. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. 1 No Transaction a General Journal Debit Credit Manufacturing Overhead 340,200 Cash Payables, etc 340.200 2 b Work in Process Iriventory 319,200 Manufacturing Overhead 319,200 C 3 0 Cost of Goods Sold 19,000 O Manufacturing Overhead 19,000 Return to question
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