The following cost data relates to the manufacturing activities of Zurin Ltd during 2016: Sales made during the year is 10% of production cost Selling expenses incurred during the year was RM5,000 and administrative expenses incurred was RM8,000. The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was RM5 per machine hour; a total of 20,000 machine hours was recorded for the year: Required: a) Compute the amount of underapplied and overapplied overhead for 2016. b) Prepare schedule of cost of goods manufactured for 2016. c) What is the net income during the year