1) The journal entry to record factory rent, factory utilities, indirect materials, and indirect labor include a debit to:

a) Actual overhead b) Work in process c) Applied overhead d) Selling and administrative expenses 2) Actual overhead for the period was $200,000. Applied overhead was $210,000. The effect on cost of goods sold before any adjusting entry is: a) Overhead has no effect on cost of goods sold b) Cost of goods sold remains the same c) Cost of goods sold is understated d) Cost of goods sold is overstated