The following cost data relate to the manufacturing activities af Chang Company during the just year Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utizies, factory Depreciation, factory Insurance, factory $ 15,900 139,000 8,900 79,000 150,300 10,900 Total actual manufacturing overhead costs incurred $ 404,000 Other costs incurred: Purchases of raw materials (both direct and indinect) Direct labor cost $409,000 69,000 Inventonies: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 20,900 S 30,900 S 40,900 S 70,900 company uses a predetermined ovorhead rate to apply overthead cet to os. The rate for the year The was $20 per machine-hour. A total of 20,600 machine-hours was recorded for the Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year cost