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fast acct 1 mc thx Jiu Jiu Company applies overhead on the basis of machine hours. Given the following data, the journal entry to record

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Jiu Jiu Company applies overhead on the basis of machine hours. Given the following data, the journal entry to record the overhead applied and the under- or overapplication of overhead for the period should include: Estimated annual overhead cost $6,000,000 Actual annual overhead cost $5,940,000 Estimated machine hours 300,000 Actual machine hours 295,000 Select one: O a. debit Cost of Goods Sold $5,900,000 O b. credit Work in Progress $40,000 oc. credit Manufacturing Overhead Cost $40,000 O d. debit Manufacturing Overhead Cost $5,900,000

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