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 $275,500 and machine hours to be 14,500. Actual manufacturing overhead and machine hours were $319,500 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.)

Jounral Entry Worksheet:

a) Record the actual manufacturing overhead cost incurred.

b) Record the application of manufacturing overhead to production.

c) Record the transfer of manufacturing overhead account balance to cost of goods sold.

Transaction General Journal Debit/Credit

a)

b)

c)