PriceCompany assigns overhead based on machine hours. The Milling Department logs1,800 machine hours and Cutting Department shows 3,000 machine hours for theperiod. If the overhead rate is $5 per...

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Price Company assigns overhead based on machine hours. The Milling Department logs 1,800 machine hours and Cutting Department shows 3,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a



a.debit to Manufacturing Overhead for $24,000.



b.credit to Work in Process—Cutting Department for $15,000.



c.debit to Work in Process for $15,000.


d.credit to Manufacturing Overhead for $24,000

Answered Same DayDec 23, 2021

Answer To: PriceCompany assigns overhead based on machine hours. The Milling Department logs1,800 machine...

David answered on Dec 23 2021
126 Votes
Question: Price Company assigns overhead based on machine hours. The Milling
Department logs 1,800
machine hours and Cutting Department shows 3,000 machine
hours for the period. If the overhead rate is $5 per machine hour, the entry to assign
overhead will show a
a) Debit to Manufacturing Overhead for $24,000.
b) Credit to Work in Process—Cutting Department for $15,000.
c) Debit to Work in Process for $15,000.
d) Credit to...
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