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swifty company assigns overhead based on machine hours. The millling department logs 2310 machine hours and cutting department shows 4110 machionne hours fpr the period. If the overgeasd rat is $3 per machine hour the entry to assign overhead will show a.

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Answer:

This question requires us to tell the entry that swift company will pass to assign overhead based on machine hours. We know that milling and cutting departments are work in process department. Accounting entry is given below

Millling department

Debit WIP Milling department account        $6,930

Credit Applied factory overhead account   $6,930

(2310 * 3)

Cutting department

Debit WIP Cutting department account        $12,330

Credit Applied factory overhead account     $12,330

(4110 * 3)

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