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The following cost data relate to the manufacturing activities of Chang Company during the just completed year. The company uses a predetermined overhead rate to

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The following cost data relate to the manufacturing activities of Chang Company during the just completed year. The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $20 per machine-hor. A total of 20,000 machine-hours was recorded for the year. Compute the amount of underapplied or overapplied overhead cost for the year. Prepare a schedule of cost of goods manufactured for the year

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