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Question 8 1 pts Which of the following correctly explains what should be done with any under or over-applied overhead? OA) At the end of a project, any insignificant under-or over-applied overhead should be closed to Work in Process prior to transferring the costs to Finished Goods. B) Monthly, any significant amount of under-or over-applied overhead should be closed to Cost of Goods Sold. OC) At year end, if there is a significant amount of under- or over-applied overhead, it should be allocated proportionally to Work in Process, Finished Goods, and Cost of Goods sold. OD) At year end, If there is a significant amount of under-or over-applied overhead, it should all be closed to Cost of Goods Sold Question 9 1 pts Job number 2873 had the following data: Direct Labor hours used: 32 Direct Materials used: $750 Hourly wage rate: $45/hr Overhead allocation rate (PO.R.): $15/direct labor hr Assuming this was the only job completed this month, what was the total cost of Job 2873