Schulz Corporation applies overhead based upon machine-hours. Budgeted factory overhead was $266,400 and budgeted machine-hours were 18,500. Actual factory overhead was $287,920 and actual machine-hours were 19,050. Before disposition of under/overapplied overhead, the cost of goods sold was $560,000 and ending inventories were as follows:

Direct Materials: $60,000

WIP: 190,000

Finished Goods: 250,000

Total: $500,000

1) Determine the budgeted factor overhead rate per machine-hour.

2) Compute the over/underapplied overhead.

3) Select the journal entry to dispose of the variance using the write-off to cost of goods sold approach.

A) Dr. Work-in-Process, $13,600 Cr. Cost of Goods sold, $13,600

B) Dr. Manufacturing Overhead Contorl, $13,600 Cr. Cost of Goods Sold, $13,600

C) Dr. Manufacutring Overhead Allocated, $274,320 Dr. Cost of Goods Sold, $13,600 Cr. Manufacturing Overhead Control, $287,920

D) Dr. Manufacutring Overhead Control, $274,320 Dr. Cost of Goods Sold, $13,600 Cr. Manufacturing Overhead Allocated, $287,920

4) Select the journal entry to dispose of the variance using the proration approach using ending balances.

A) Dr. Manufacutring Overhead Control, $274,320 Dr. Cost of Goods Sold, $13,600 Cr. Manufacturing Overhead Allocated, $287,920

B) Dr. Cost of Goods Sold, $7,616 Dr. Work-in-Process, $2,584 Dr. Finished Goods, $3,400 Dr. Manufacturing Overhead Allocated, $274,320 Cr. Manufacturing Overhead Control, $287,920

C) Dr. Cost of Goods Sold, $13,600 Cr. Manufacturing Overhead allocated, $13,600

D) Dr. Cost of Goods Sold, $7,616 Dr. Work-in-Process, $2,584 Dr. Finished Goods, $3,400 Cr. Manufacturing Overhead Allocated, $13,600

I know I'm only allowed to ask one question at a time, but all four question are from the same provided info. Thank You!!