Waterway industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. The following information is avaliable regarding activity cost pools, cost drivers, total estimated overherad costs and estimated use of activities per product: If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is $6328 per order. $0.12 per part. $1.15 per direct labor hour. $230 per order. Sheridan Company assigns overhead based on machine hours. The Milling Department logs 2000 machine hours and Cutting Department shows 4100 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhe ad will show a debit to Work in Process Inventory - Milling Department for $20500. credit to Manufacturing Overhead for $30500. debit to Mansacturing Overhead for $30500. credit to Work in Process Imventory-Cutting Department for $20500. In the Shaping Department of Oriole Company the unit materials cost is $6.00 and the unit conversion cost is $4.00. The department completed and transferred out 40000 units and had 7000 units in ending work in process inventory which were 20%6 complete. If all materials are added at thet beginning of the process, the total cost to be assigned to the ending work in process inventory is $47600 $70000 $14000 $42000