Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $290,700 and machine hours to be 15,300. Actual manufacturing overhead and machine hours were $325,700 and 16,300, respectively.
Prepare the journal entries for overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)