Uus m uidctueu (LUS, LUD, LUY) The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs: Property taxes, factory Utilities, factory Indirect labour Depreciation, factory Insurance, factory 4,100 6,650 12,200 26,750 8,200 Total actual manufacturing overhead costs 57,900 37,500 47,700 Other costs incurred: Purchases of raw materials. Direct labour cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 10,209 8,100 7,650 9,700 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 10,000 machine-hours were recorded for the year. All raw materials ultimately become direct materials -none are classified as indirect materials. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. TIN K, ai 3 1 Saved Help Save & Exit Submit 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. BLACK COMPANY Schedule of Cost of Goods Manufactured Direct materials. Raw materials used in production Direct labour Total manufacturing cost 2. Prepare a schedule of cost of goods manufactured for the year. BLACK COMPANY Schedule of Cost of Goods Manufactured Direct materials: Raw materials used in production Direct labour Total manufacturing cost Cost of goods manufactured