ng following Company to the manufacturing activities of Chang Company during the just completed activities relate Manufacturing overhead costs incurred Indirect materials 15,400 Indirect labor 134,000 8,400 Property taxes, factory 74,000 Utilities, factory 191,200 Depreciation, factory 10,400 Insurance, factory 433,400 Total actual manufacturing overhead costs incurred Other costs incurred Purchases of raw materials (both direct and indirect) 404,000 64,000 Direct labor cost Inventories Raw materials, beginning 20,400 30,400 Raw materials, ending 40,400 Work in process, beginning 70,400 Work in process, ending The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $22 per machine-hour. A total of 20,100 machine-hours was recorded for the year Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. Over applied overhead cost 8.800