Check my work 3 The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred $15,400 134,000 8,400 74,000 191,200 10,400 $433,400 2 points 03:02:24 Other costs incurred: eBook Print References Purchases of raw materials (both direct and indirect) Direct labor cost $404,000 $ 64,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 20,400 $30,400 $ 40,400 $ 70,400 The company uses a predetermined overhead rate of $22 per machine-hour to apply overhead cost to jobs. A total of 20,100 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