Price
Company assigns overhead based on machine hours. The Milling Department logs
1,800 machine...

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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

David · Accepted Answer

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.

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...

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