Hawthorne Company purchased a machine for $108,000 on November 1, 20X1. Also associated with this purchase on November 1, 20X1 were $4,200 in sales taxes and $11,300 in machine preparation, shipping, and installation costs. Hawthorne Company paid a total of $15,000 cash and signed a note payable agreeing to pay the remainder in the future. The machine has an estimated useful life of 13 years and an estimated salvage value of $12,000. Hawthorne Company uses the straight-line method for computing depreciation expense. Which ONE of the following is included in the journal entry necessary on December 31, 20X1 to record depreciation expense on the machine for 20X1 (the first year)? O A CREDIT to Accumulated Depreciation for $8,577 O A CREDIT to Accumulated Depreciation for $1,583 O A CREDIT to Accumulated Depreciation for $1.231 O A CREDIT to Accumulated Depreciation for $1.429 If a company uses a predetermined overhead rate to apply overhead costs to production, a CREDIT balance in the Manufacturing Overhead account indicates that... O ...prior to any adjusting entries, not enough overhead has been recorded in Work in Process Inventory. O ...less overhead cost has actually been incurred during the period than has been applied to production. O ...less overhead cost has been applied to production than has actually been incurred. O ...prior to any adjusting entries, not enough overhead has been recorded in Cost of Goods Sold. O ...prior to any adjusting entries, not enough overhead has been recorded in Finished Goods Inventory