Terrace Manufacturing allocates overhead based on machine hours using an overhead rate of $12 per machine hour. Terrace has two departments, the Cutting Department and the Assembly Department. The Cutting Department logs 4,800 machine hours and the Assembly Department logs 8,000 machine hours for the period. The entry to allocate overhead should include a

credit to Work in ProcessCutting for $96,000.

credit to Manufacturing Overhead for $153,600.

debit to Work in ProcessAssembly for $57,600.

debit to Manufacturing Overhead for $153,600.