| 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.nheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddl Maps F YouTube PioneerWeb - Univ... mypark Course Hero G Google E Feed | LinkedIn C chegg lication Assignment i Saved 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 ces Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost Required 2 >