1) The following cost data relate to the manufacturing activities of the Kamas Company during the most recent year: Manufacturing overhead costs incurred during the year: Property taxes Utilities, factory Indirect labour Depreciation, factory Insurance, factory Total actual costs $1,600 2,600 5,100 13,000 2,500 $24,800 Other costs incurred during the year: Purchases of raw materials Direct labour cost $15,000 22,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $5,000 4,400 3,500 4,500 The company uses a predetermined overhead rate to charge overhead cost to production. The rate for the year just completed was $4.00 per machine hour; a total of 6,000 machine hours were recorded for the year. Required: a. Compute the amount of under- or overapplied overhead cost for the year just ended. b. Prepare a schedule of cost of goods manufactured for the year. (Disclose ALL supporting calculation steps)