Q3: The following cost data during the just completed year relate to the manufacturing activities of Chang Company the Actual manufacturing overhead costs Indirect labor $15,000 Property taxes, factory 130,000 8,000 70,000 240,000 Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs charged to jobs: 10,000 $473,000 Direct materials $375,000 Direct labor cost $60,000 Inventories Work in process, beginning $40,000 Work in process, ending $70,000 The company uses a predetermined overhead rate to apply overhead cost to production The rate for the year was $25 per machine-hour. A total of 19,400 machine-hours was recorded for the year Find a Compute the amount of under-applied or over-applied overhead cost for the year. b. Determine the cost of goods manufactured for the year using the indirect method