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Answer :
Answer:
Change!
Explanation:
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Final answer:
The entry to assign overhead will show a debit to the Milling and Cutting Departments for overhead at $3 per machine hour, resulting in $7,620 for Milling and $11,820 for Cutting, totaling $19,440.
Explanation:
When Waterway Company assigns overhead based on machine hours, and the overhead rate is $3 per machine hour, the total overhead for both departments can be calculated by multiplying the machine hours by the overhead rate. For the Milling Department, the calculation is 2540 machine hours times $3 per machine hour, which equals $7,620. For the Cutting Department, it's 3940 machine hours times $3 per machine hour, equating to $11,820. Therefore, the entry to assign overhead would show a credit to the overhead account and a debit to the respective department's overhead applied account totaling these amounts.
For the Milling Department: Overhead Applied - Milling = 2540 machine hours * $3/machine hour = $7,620.
For the Cutting Department: Overhead Applied - Cutting = 3940 machine hours * $3/machine hour = $11,820.
Total Overhead Applied = Overhead Applied - Milling + Overhead Applied - Cutting = $7,620 + $11,820 = $19,440.
