Warner Company has the following data for the last month: Actual overhead $32,000 Applied overhead: Work-In-Process Inventory ... $ 6,000 Finished Goods Inventory ..... 10,500 Cost of Goods Sold 13,500 Total 30,000 Assume that the overhead variance calculated above is material. Which of the following would appear in the journal entries to account for the overhead variance at the end of last month? Debit to Cost of Goods Sold for $2.000 O Debit to Manufacturing Overhead for $2.000 Debit to Work-In-Process for $400 Credit to Finished Goods for $700 Which of the following descriptions about "cost assignment" is false? Costs that cannot be traced easily or cost-effectively can be assigned to cost objects using allocation. O The more costs that can be traced directly to cost objects, the greater the accuracy of the cost assignment. Prime costs are typically assigned to cost objects using direct tracing. O Costs should always be assigned directly to cost objects whenever there is traceability