Waterway Company assigns overhead based on machine hours. The Milling Department logs 2000 machine hours and Cutting Department shows 3700 machine hours for the period. If the overhead rate is $4 per machine hour, the entry to assign overhead will show a debit to Manufacturing Overhead for $22800. debit to Work in Process Inventory - Milling Department for $14800. credit to Manufacturing Overhead for $22800. credit to Work in Process Inventory-Cutting Department for $14800