Question $5$

$\frac{0}{0}$

What does the following journal entry indicate?

DR: Factory Overhead

CR: Rent Expense

Expenses were moved from the Income Statement to the Balance Sheet

Expenses were moved from the Balance Sheet to the Income Statement

What's an Income Statement and Balance Sheet?

No impact to the Income Statement or Balance Sheet

Question $6$

$\frac{0\mathrm{.}5}{0\mathrm{.}5}pt$

If actual fixed overhead costs exceed applied fixed overhead costs, then FOH is