The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials ... Indirect labour.... Property taxes, factory. Utilities, factory.... Depreciation, factory Insurance, factory. $ 15,000 130,000 8,000 70,000 240,000 10,000 Total actual costs incurred. $ 473,000 $ 400,000 60,000 Other costs incurred: Purchases of raw materials (both direct & indirect).. Direct labour cost. Inventories: Raw materials, beginning ... Raw materials, ending.. Work in process, beginning. Work in process, ending. 20,000 30,000 40,000 70,000 The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $25 per machine-hour. A total of 19,400 machine-hours was recorded for the year. Required: 1. Compute the amount of under-or-over applied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year