[Solved] The following journal entry would be made to apply overhead cost to jobs in a job-order costing system: \(\begin{array}{|l|l|l|} \hline \text { Work in process } & \text { XXX } & \\ \hline \text { Manufacturing overhead } & & \mathrm{XXX} \\ \hline \end{array}\) Performance Equation: A formula designed to assess the efficiency and effectiveness of an individual's or organization's performance based on various parameters. Core Phases: The fundamental stages or steps in a process, project, or lifecycle that are critical for successful completion. Financial Responsibility: The obligation to manage money, assets, or resources in an efficient, ethical, and sustainable manner. Downsizing: The process of reducing the size of a company by eliminating staff positions to cut costs and improve efficiency.