The rate for the year was $5 per machine hour

The following cost data relate to the manufacturing activities of Black Company during the just completed y Manufacturing overhead costs incurred: Property taxes, factory Utilities, factory 2,900 4.800 Depreciation, factory 23.900 5,800 Insurance, factory $47,300 Total actual manufacturing overhead costs Other costs incurred: Purchases of raw materials Direct labor cost Inventories: $32,100 $39,700 terials, beginning Raw materials, ending Work in process, beginning $ 8.900 6,300 $ 5,000 Work in process, ending $7,500 The company uses a predetermined overhead rate per machine-hour; a total of 12,100 machine-hours was recorded for the year. All raw materials ultimately become direct materials-none are classified as indirect materials. apply overhead cost to jobs. The rate for the year wa Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year overhead cost 2. Prepare a schedule deductions as a negative.) f cost of goods manufactured for the year using the indirect method. (Enter all Black Company Schedule of Cost of Goods Manufactured Direct materials: Raw materials available for use Raw materials used production Total manufacturing cost Cost of goods manufactured