View Policies Current Attempt in Progress Sheridan Company assigns overhead based on machine hours. The Milling Department logs 2200 machine hours and Cutting Department shows 3900 machine hours for the period. If the overhead rate is $7 per machine hour, the entry to assign overhead will show a O credit to Manufacturing Overhead for $42700. O credit to Work in Process Inventory-Cutting Department for $27300. O debit to Manufacturing Overhead for $42700. O debit to Work in Process Inventory - Milling Department for $27300. Save for Later Attempts: 0 of 1 used Submit