napter 3-JobOrder Costing: Cost Flows and External. Seved He 5 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 Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw mat ials (both direct and indirect) Direct labor cost Inventor Lest Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,300 133,000 8,300 73,000 152,100 10.200 $392,000 Book $403,000 $ 63,000 Hint $ 20,300 $ 30,300 $ 40,300 $ 70,300 Print References The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 20,000 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 Compute the amount of underapplied or overapplied overhead cost for the year. lovethead $ 63,000 Direct Labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 20,300 $ 30,300 $ 40,300 $ 70,300 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 20,0 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. ok Complete this question by entering your answers in the tabs below. t Required 1 Required 2 nces Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost Required Required 2 > Seved Chapter 3-Job-Order Costing: Cost Flows and External... 5 Complete this question by entering your answers in the tabs below. 10 points Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. eBook Chang Company Schedule of Cost of Goods Manufactured Hint Direct materials: Print Total raw materials available Raw materials used in production References Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured