Price company assigns overhead based on machine hours. The Milling department logs 1,200 machine hours and Cutting department shows 2,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a increase to Manufacturing Overhead for $32,000. decrease to Work in Process-Cutting Department for $20,000. increase to Work in Process for $20,000. decrease to Manufacturing Overhead for $32,000