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 other costs incurred: Purchases of row materials (both direct and indirect) Direct labor cost Inventories w materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 16,800 148,000 9,800 88,000 295,300 11,800 3.569,700 $ 418.000 $ 78,000 $ 21,00 $ 31,00 $ 41,500 571,800 The company uses a predetermined overhead rate of $27 per machine hour to apply overhead cost to jobs. A total of 21.500 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 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 Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of cost of Goods Manufacturen 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