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Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $177,660. Estimated direct labor cost was $474,390 for 18,900 hours. Actual costs for the most recent month are summarized here Total Cost 47.440 Direct labor (1,880 hours) Indirect costs Ind rect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and odministrative salaries Selling expenses 2,520 3,310 3.330 4.840 5.080 1.100 1,700 4.170 5.470 Required: 1., 2. & 3-a. Prepare the journal entries for overhead. (If no entry is required for a transactionievent, select '"No Journal Entry Required" in the first account field.) No General J Debit Credit Work in Process Inventory 17.123 Manufacturing Overhead 17.123 32.210 Cash, Payables, eto 32 210 ost of Goods Sold 15,087 Manufacturing Overhead 3-b. Does the last transaction increase or decrease Cost of Goods Sold? Increase

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