Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $290,000 and machine hours to be 14,500. Actual manufacturing overhead and machine hours were s$330,000 and 15,500, respectively Required 1. & 2. 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 1 Record the actual manufacturing overhead cost incurred. Record the application of manufacturing overhead to production 2 3 Record the transfer of manufacturing overhead account balance to cost of goods sold. Credit Note :journal entry has been entered Record entry Clear entry View general journal