| MyPark X Question 4 - Unit 2 Application A X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%25 be A Maps F YouTube PioneerWeb - Univ... A mypark Course Hero G Google E Feed | Linkedin C chegg Application Assignment i Saved + 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: Manufacturing overhead costs incurred: pped Indirect materials $ 15, 900 Indirect labor 139, 000 Property taxes, factory 0 06'8 Utilities, factory 79 , 000 Book Depreciation, factory 150, 300 Insurance, factory 006 '0T Hint Total actual manufacturing overhead costs incurred $ 404, 000 rences Other costs incurred: Purchases of raw materials (both direct and indirect) 000'60t $ Direct labor cost $ 69, 000 Inventories : Raw materials, beginning $ 20, 900 Raw materials, ending $ 30, 900 Work in process, beginning $ 40, 900 Work in process, ending $ 70, 900 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 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.* Course Hero . Google E Feed | Linkedin C chegg pplication Assignment Saved Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured ed Direct materials Total raw materials available nces Raw materials used in production Direct materials used in production $ 0 Total manufacturing costs added to production 0 Total manufacturing costs to account for 0 Cost of goods manufactured Required 1