Question 12 (1 point) Listen In the year-end financial statements, the Manufacturing Overhead account should have: A debit balance, representing overhead on hand and available for use. Either a debit or a credit balance, depending upon whether the overhead application rate used throughout the year was higher or lower than 100%. A credit balance, representing accumulated depreciation and amounts owed to suppliers of overhead items. A zero balance, since all overhead costs incurred during the period should have been assigned to the production of the period. Question 13 (1 point) Listen The cost of finished goods manufactured will exceed the cost of goods sold whenever: The inventory of finished goods increases over the period. The inventory of finished goods decreases over the period. The inventory of work in process decreases over the period. The inventory of work in process increases over the period.