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1,2,3 and 4 please 1. What is the application rate to be used by the company? A. $2.05 B. $2.00 C. $1.50 D. $1.25 2.

1,2,3 and 4 please image text in transcribed
1. What is the application rate to be used by the company? A. $2.05 B. $2.00 C. $1.50 D. $1.25 2. What is the amount of the Applied Factory Overhead? A. $6,030 B. $5,025 C. $8,040 D. Not enough information 3. What is the closing entry for the Factory Overhead Account? A. $100 Overapplied B. $60 Underapplied C. $60 Overapplied D. \$75 Underapplied 4. Materials requested by the factory totaled $40,000 of which $4,000 were indirect materials. What is the journal entry? A. WIP $36,000, FOH 4,000 ; Materials $44,000 B. WIP $36,000,FOH4,000; Materials $40,000 C. WIP $40,000; Cash $40,000 D. Materials 40,000 ; WIP 36,000 , FOH 4,000

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