The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 15,300 133,000 8,300 73,000 152,100 10,300 $392,000 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 $403,000 $ 63,000 $ 20,300 $ 30,300 $ 40,300 $ 70,300 The company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. A total of 20,000 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 Next 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 Prepare a schedule of cost of goods manufactured for the year. Chang Company Schedule of Cost of Goods Manufactured 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 4 Carmen Company is a manufacturer that completed numerous transactions during the month, some of which are shown below: pints a. Raw materials used in production as direct materials, $56,000. b. Paid direct laborers $40,000 in cash for their work on various jobs during the month. c. Applied $35,000 of manufacturing overhead to production during the month. d. Various jobs costing a total of $110,000 were completed during the month and transferred to Finished Goods e. Various completed jobs costing a total of $90,000 were sold to customers. f. Cash sales for the month totaled $160,000. g. Selling and administrative expenses paid in cash, $18,000. eBook Print Required: The table shown below includes a subset of Carmen Company's balance sheet accounts. Record each of the above transactions using the accounts that are given. (If a transaction increases an account balance, then record the amount as a positive number. If it decreases an account balance, then record the amount with minus sign.) References Transaction Cash Raw Materials Work in Process Finished Goods Manufacturing Overhead Retained Earnings a. b. c d e. f 9