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 Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred 15,700 137,000 10 points 8,700 77,000 270,900 10,700 $520,000 eBook Hint Print References Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost 407,000 $ 67,000 Inventories: s 20,700 30,700 $ 40,700 s 70,700 Raw materials, beginning Raw naterials, ending work in process, beginning Work in process, ending The company uses a predetermined overhead rate of $26 per machine-hour to apply overhead cost to jobs. A total of 20,400 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 Complete this question by entering your answers in the tabs below. Required 1 E Reauired 2 Prey 1 of 1 Next>