value: 10.00 points The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory $ 15,600 136,000 8,600 76,000 250,700 10,600 Total actual manufacturing overhead costs incurred $497.500 Other costs incurred: Purchases of raw materials (both direct and indirect) 406.000 Direct labor cost $ 66,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 20,600 $ 30,600 S 40,600 $ 70.600 The company uses a predetermined overhead rate to apply ovarhead cost to jobs. The rate for the year was $25 per machine-hour. A total of 20.300 machine-hours was recorded for the year Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. co