Manufacturing overhead costs incurred: Indirect materials Indirect labor $ 16, 500 8.6/10 Property taxes, factory 145, 000 points awarded utilities, factory 9, 500 Depreciation, factory 85, 000 Scored Insurance, factory 231, 700 Total actual manufacturing overhead costs incurred 11,590 Other costs incurred: $499, 200 Purchases of raw materials (both direct and indirect) Direct labor cost $415, 000 Inventories: $ 75, 000 eBook Raw materials, beginning Raw materials, ending $ 21,500 Work in process, beginning $ 31, 500 Work in process, ending $ 41, 500 $ 71,500 Print The company uses a predetermined overhead rate of $24 per machine-hour to apply overhead cost to jobs. A total of 21.200 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Direct materials: Beginning raw materials inventory $ 21,500 Add: Purchases of raw materials |415,000 Total raw materials available 436,500 Less: Ending raw materials inventory 31,500 Raw materials used in production 405,000 Less: Indirect materials 16,500 $ 388,500 Grow MacBook Pro esc