If the Predetermined Overhead Allocation Rate Is 75% of Direct $\begin{array}{llr} \text { Factory Overhead} &15,000\\ \text { Wock in Process Inventory Assembly Dept } &&15,000\\\end{array}$

True/False

If the predetermined overhead allocation rate is 75% of direct labor cost, and the Assembly Department's direct labor cost for the reporting period is $20,000, the following entry would be made to record the allocation of overhead to the products processed in this department:
$\begin{array}{llr} \text { Factory Overhead} &15,000\\ \text { Wock in Process Inventory Assembly Dept } &&15,000\\\end{array}$