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Price Company assigns overhead based on machine hours. The Milling Department logs 1,800machine hours and Cutting Department shows 3,000 machine hours for the period. If
Price Company assigns overhead based on machine hours. The Milling Department logs 1,800machine hours and Cutting Department shows 3,000 machine hours for the period. If theoverhead rate is $5 per machine hour, the entry to assign overhead will show aO credit to Work in Process-Cutting Department for $15,000.credit to Manufacturing Overhead for $24,000.O debit to Work in Process for $15,000.O debit to Manufacturing Overhead for $24,000.
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