EXERCISE A 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 $18,700 134,000 8,400 74,000 191,400 10,400 $436,900 Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $404,000 $80,000 Inventories: $20,400 $30,700 $40,000 $70,000 Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending The company uses a predetermined overhead rate based on normal costing to apply overhead cost to jobs. The budgeted amount for manufacturing overhead costing w 450.000 as $ The following information concerning levekof production (expressed in machine hours) are available: 25.000 hours 22.000 hours 23.300 hours Capacity level: Budgeted level: Actual level Required: 1. Compute: a. the amount of overhead costs applied to the product for the year; b. the cost of budgeted unused capacity