HeipSave & Che anufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred 16,200 142,000 9,200 82,000 169,900 11,200 $430,500 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $412,000 72,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 21,200 31,200 $41,200 71,200 The company uses a predetermined overhead rate of $21 per machine-hour to apply overhead cost to jobs. A total of 20,900 machine-hours were used during the year Required: 1. Compute the amount of underapplied or overapplied overpead cost for the year. 2. Prepare a schedule of cost of goods manufactured for thelyear Complete this question by entering your answers in the tabs below. Required1 Required 2