3 The following cost data relate to the manufacturing activities of Chang Company during the just completed year: 10 points 02:56:20 $ 15,200 132,000 8,200 72,000 152,400 10,200 $390,000 eBook Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending Hint $ 402,000 $ 62,000 Print References $ 20,200 $ 30,200 $ 40,200 $ 70,200 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 19,900 machine-hours were used during the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year