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The following cost data relate to the manufacturing activities of Black Company during the just-completed year: Manufacturing overhead costs: Property taxes, factory $ 4,400 Utilities,

The following cost data relate to the manufacturing activities of Black Company during the just-completed year:

Manufacturing overhead costs:
Property taxes, factory $ 4,400
Utilities, factory 7,100
Indirect labour 12,800
Depreciation, factory 27,500
Insurance, factory 8,800
Total actual manufacturing overhead costs $ 60,600
Other costs incurred:
Purchases of raw materials. $ 39,000
Direct labour cost $ 49,800
Inventories:
Raw materials, beginning $ 10,800
Raw materials, ending $ 8,400
Work in process, beginning $ 8,100
Work in process, ending $ 10,300

The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $6 per machine-hour; a total of 11,000 machine-hours were recorded for the year. All raw materials ultimately become direct materialsnone are classified as indirect materials.

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.

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