If the Predetermined Overhead Allocation Rate Is 85% of Direct $\begin{array}{llr} \text { Factory Overhead } &17,000\\ \text { Goods in Process Inventory, Painting Dept } &&17,000\\\end{array}$

True/False

If the predetermined overhead allocation rate is 85% of direct labor cost and the Polishing 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:
$\begin{array}{llr} \text { Factory Overhead } &17,000\\ \text { Goods in Process Inventory, Painting Dept } &&17,000\\\end{array}$