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 $320,000 and machine hours to be 16,000. Actual manufacturing overhead and machine hours were $353,000 and 17,000, respectively. Required: 1. & 2. Prepare the journal entries for overhead. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the actual manufacturing overhead cost incurred Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal