1a ) What should be the correct journal entry that Ken Company should write when the MOH is applied to Work in Process? 1 point

Manufacturing Overhead (actual) Dr and Accounts Payables Cr.

Manufacturing Overhead (actual) Dr and Work In Process Cr.

Work In Process Dr and Manufacturing Overhead (Applied) Cr.

Work In Process Dr and Manufacturing Overhead (Actual) Cr.

Manufacturing Overhead (applied) Dr and Work In Process Cr.

None of the above. 1b) What should be the value of Manufacturing Overhead Applied to all jobs? 1 point

$652500

$698256

$675,000

None of the above

Information for Question No. 1-3: Ken Company is a textile manufacturer that uses job order costing system. At the begging of the current year, the manager of the company estimated that a total of 90,000 machine hours will be needed throughput the year, to complete all of it's orders. The manager also estimated that the company will incur $675,000 of total manufacturing overhead related costs. During the year, Ken Company worked a total of 87,000 machine hours in order to fulfil all the orders it had received