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The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 16,600

The following cost data relate to the manufacturing activities of Chang Company during the just completed year:

Manufacturing overhead costs incurred:
Indirect materials $ 16,600
Indirect labor 146,000
Property taxes, factory 9,600
Utilities, factory 86,000
Depreciation, factory 252,700
Insurance, factory 11,600
Total actual manufacturing overhead costs incurred $ 522,500
Other costs incurred:
Purchases of raw materials (both direct and indirect) $ 416,000
Direct labor cost $ 76,000
Inventories:
Raw materials, beginning $ 21,600
Raw materials, ending $ 31,600
Work in process, beginning $ 41,600
Work in process, ending $ 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.

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.

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Requiged 1 Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost Required 1 Required 2 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs Cost of goods manufactured

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