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Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead
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 $318,500 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.) View transaction list Journal entry worksheet 1 2 3 Record the actual manufacturing overhead cost incurred. Note: Enter debits before credits. Transaction a General Journal Debit Credit View general journal Record entry Clear entry
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