The following cost data relate to the manufacturing activities of Chang Company during the just completed years Manufacturing overhead costs incurredt Indirect materials $ 17,000 Indirect labor 150,000 Property taxes Cactory 10,000 Utilities, factory 90,000 Depreciation factory 147,000 Insurance Factory 12,000 total actual manufacturing ovechend douts incurred 426,000 Other conto incurred Purchases o amateri (both direct and indirect) 420,000 Direct labor cost $ 80,000 Inventori Raw materials beginning $ 22,000 Raw materiale ending $32,000 Work in process, beginning $42.000 Work in process ending 1720000 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 21,70 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. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the amount of underapplied or overapplied overhead cost for the year overhead cost The following cost data relate to the manufacturing activities of Chang Company during the Just completed year: Manufacturing over hond costs incurred Indirect materiala $ 17,000 Indirect labor 150,000 Property taxes, factory 10,000 Utilities, factory 90,000 Depreciation factory 147,000 Insurance, factory 12.000 Total actual manufacturing overhead conta incurred 426,000 Other conta incurred Purchase of raw materials (both direct and indirect) $420,000 Direct labor cont 380,000 Inventories: Raw materials, beginning 22,000 Raw materials, ending $32,000 Work in process, beginning $ 42,000 Work in process, ending $ 72,000 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 21,700 machine- hours were used during the year. Required: 1. Compute the amount of underapplied or overapplled overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year Complete this question by entering your answers in the tabs below. Required Required 2 Compute the amount of underapplied or overapplied overhead cost for the year Prov 8 of 12 Next 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 Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured