3. The foll wing cost data relate to the manufacturing activities of Newberry Company during in just completed year: The company uses a predetermined overhead rate to apply manufacturing overhead cost to production. The predetermined overbead rate for the year was $15 per machine-hour. A total of 23,000 machine-hours were recorded for the year. Required: a. Compute the amount of underapplied or overapplied manufacturing overhead cost for the year. b. Prepare a Schedule of Cost of Goods Manufactured for the year