QUESTION 7 (C05) Assume that overhead was over-applied. To correct the problem, which of the following should be done? A. Decrease (Credit) the Manufacturing overhead account. O B. Increase (Debit) the Cash account. OC. Decrease (Credit) the Cost of goods sold account OD. Increase (Debit) the Work in process account. QUESTIONS (C06) A depreciation cost for factory equipment has been incurred. For this depreciation, we have to: O A. decrease Finished goods OB. increase Depreciation expense OC. increase Manufacturing overhead O D. increase Work-in-process