Exercise 3-7 (Algo) Applying Overhead; Cost of Goods Manufactured [LO3-3, LO3-4] The following cost data relate to the manufacturing activities of Chang Company during the just completed year: The company uses a predetermined overhead rate of $20 per machine hour to apply overhead cost to jobs. A total of 20.600 machine-hours were used during the yeat. 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. Complete this question by entering your answers in the tabs below. Prepare a schedule of cost of goods manufactured for 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. X Answer is not complete. Complete this question by entering your answers in the tabs below. Compute the amount of underapplied or overapplied overhead cost for the year