Q5. REQ 1,2.

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 De 16,600 146,000 9,600 86,000 252,700 11,600 $522,500 preciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $416,000 $76,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $21,600 31,600 41,600 $71,600 The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. A total of 21,300 machine- hours were used during the year