The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing averhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory 15,900 139,000 8,900 79,000 150,300 10,900 lota actul manufacturing overhead costs incurred404,000 Other costs incurred: tn $ 409,000 69,000 40000 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 s 20,900 30,900 S 40,900 S 70,800 The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $20 per machine-hour. A total of 20,600 machine-hours was recorded for the year. Required: 1. Compute the amount of underapplied or overappied overhead cost for the year. erhead cost