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Coronado Company assigns overhead based on machine hours. The Milling Department logs 2300 machine hours and Cutting Department shows 3900 machine hours for the period.

Coronado Company assigns overhead based on machine hours. The Milling Department logs 2300 machine hours and Cutting Department shows 3900 machine hours for the period. If the overhead rate is $7 per machine hour, the entry to assign overhead will show a O debit to Manufacturing Overhead for $43400. O credit to Work in Process Inventory-Cutting Department for $27300. O debit to Work in Process Inventory-Milling Department for $27300. O credit to Manufacturing Overhead for $43400.

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Coronado Company assigns overhead based on machine hours. The Milling Department logs 2300 machine hours and Cutting Department shows 3900 machine hours for the period. If the overhead rate is $7 per machine hour, the entry to assign overhead will showa debit to Manufacturing Overhead for $43400. credit to Work in Process Inventory-Cutting Department for $27300. debit to Work in Process Inventory - Milling Department for $27300. credit to Manufacturing Overhead for $43400

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