The following cost data relate to the manufacturing activities of Chang Company during the just completed year $ 16,100 141, eee 9,1ee 81, eee 149,700 11,108 $ 408,000 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 raw materials (both direct and indirect) Direct Labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 411,000 $ 71,000 $ 21,100 $ 31,100 $ 41, 100 $ 71,100 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 20,800 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 Required 2 Compute the amount of underapplied or overapplied overhead cost for the year. overhead cost Rented Required 2 >