Multiple Choice Question 55 Waterway Company assigns overhead based on machine hours. T period. If the overhead rate is $7 per machine hour, the entry to assign overhead will show a aten loansad ting Department shows 3930 machine hours for the 410 machine hours and Cutting Department shows 3930 machine hours for the O credit to Manufacturing Overhead for $44380. O credit to Work in Process-Cutting Department for $27510. O debit to Manufactuning Overhead for $44380. O debit to Work in Process for $27510