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.
Correct Answer:
Verified
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